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Under contract-accepting backup offers. ***Buyers please read carefully! Motivated sellers! Like all other homes on the beach, the home had been affected in hurricane Helene, HOWEVER, there is not much left for you to do! The damaged drywall has been removed and plywood has been treated. The HVAC system has been recently replaced BRAND NEW as of December 2024 and a brand new water heater was installed in Feb 2025. ALL ELECTRICAL and PLUMBING work has been redone, AND inspected by the city already and is up to code. There is a Kinetic water softener and it has been completely rebuilt and is working like new. The guest bathtub has been added. The roof had minimal damage, the ridge vent needed replacing and has been replaced. The garage door has been newly replaced (Feb 2025) and is up to the highest hurricane standards. Drywall, texture and paint is set to be completed by the end of April 2025. Brand new LG kitchen appliances have already been purchased and will come with the home when you purchase. This is a clean canvas to design the home’s cosmetic features to your liking. Pick out your kitchen cabinets, countertops, flooring, bathroom tile and vanties and then you’re done. In a great location in Redington Shores. Close to the beautiful beaches, and you have a water view of the gulf right from your family room and your back yard, without the waterfront price! Over 1800 square feet of heated living space, 3 bedrooms, 2 bathrooms and a 1 car garage. All flooring has been removed and there is concrete left, ready for the buyer to choose their flooring. The back and side yards have low maintenance turf and the driveway is beautiful paved. Sellers paid to have the debris from the storm picked up immediately to avoid permanent damage on the pavers. The electrical components have been newly installed in bedrooms 2 and 3 to allow for ceiling fans without a chain like you see in most homes this age. The entire home was mold tested and there is NONE present. ALL of the duct work has been fogged. Per the FEMA 49% rule, there is an actual cash value appraisal that has been APPROVED, RAISING the allowable renovations to $144, 842. Please understand that the sellers are going to continue to move forward with progress to rebuild until a contract is accepted. Cash or hard money accepted. Please note that as the sellers continue with the renovation process, the price is subject to increases. Sellers have a flood insurance policy which was just renewed for $4, 240 for the year and it is transferrable. Ask your Realtor for more details,
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $344,000 | $344,000 | $344,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.132% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,146 | $2,260 | $2,880 |
Total Monthly Payment | $2,221 | $2,335 | $2,955 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.