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Location – Location - Location! Prime redevelopment opportunity in the Old Northeast’s coveted historic Granada Terrace neighborhood! This 63’ x 107’ property is ideal for a new elevated build to take advantage of the serene water views offered of Coffee Pot Bayou! Enjoy walking mere steps to the Coffee Pot Bayou promenade, take in the fresh air and viewing the dolphins and manatees on your daily walk or bike ride to North Shore Park or downtown St. Pete! Build the home of your dreams or take the opportunity to rebuild the existing 1940’s Italian-revival style home featuring single level living, 2-bedroom, 3 baths, 1700+ sq ft of living space, hardwood floors, wood-burning fireplace, apse-shaped dining room, arched doorways, and other charming architectural details throughout. The property features vinyl fencing, mature landscaping, and is on a natural gas line. All of this nestled in one of St. Pete’s most upscale neighborhoods renowned for its multi-million-dollar homes with historic architecture and charm like no others. All of this within mere minutes to Coffee Pot Park, North Shore Park, the 4th Street shopping and dining corridor, the Vinoy Golf Course & Country Club, and everything downtown St. Pete has to offer, such as dining, nightlife, museums, galleries, outdoor markets, sporting events, shopping and so much more! Easily access I-275 and arrive at Tampa International or St. Pete Clearwater airports within 30 minutes. The home was impacted by storm flooding and has not been remediated. The property is being sold AS-IS and the sellers make no warranties or guarantees regarding the existing home or property. Buyer to verify all measurements and information.
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Our Executive Mortgage Banker:
Our Insurance Division:
$699,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $559,200 | $559,200 | $559,200 |
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 | 7.007% | 7.050% | 6.132% |
Monthly Tax Payment | $206 | $206 | $206 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,489 | $3,674 | $4,681 |
Total Monthly Payment | $3,787 | $3,972 | $4,979 |
* 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.