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This rare opportunity lets you own two separate homes on a single property in the heart of New Smyrna Beach! Perfect for living in one home while earning rental income from the other or utilizing the second home as a Mother-in-Law suite. Located in the historic downtown district, this property is just a few blocks from the shopping area. Both homes feature separate fenced-in backyards, individual utilities, and unique legal addresses, though they share a single parcel number. The back house has been completely rebuilt from the ground up with brand-new construction, including roofing, electrical, plumbing, windows, doors, and A/C units. Designed to preserve its historical charm, this 2-bedroom, 1. 5-bathroom home boasts an open floor plan, vaulted ceilings, and stunning original red pine wood floors. The kitchen features quartz countertops, a farm sink, stainless steel appliances, a gas stove, a side-by-side refrigerator, a microwave, and a dishwasher. The master bath includes a spacious walk-in shower with a built-in seat, skylight, double sinks, lighted vanity mirrors, and a large linen closet. There's also an 18x12 multipurpose room with vaulted ceilings, double carriage doors, and plenty of natural light. Additionally, the front-loading washer and dryer are mounted on a raised platform for extra storage. The home is equipped with mini-split air conditioning and heat, with ceiling fans throughout. Outside, enjoy a private wooden deck and paver patio, all within a fenced yard that's perfect for pets. The front house, which has been meticulously maintained, features a brand-new roof (installed Nov 2024). It offers 2 bedrooms, plus a bonus office/bedroom, and 1. 5 bathrooms. The living room showcases an original Coquina wood-burning fireplace, while the large dining room and charming four-season front porch with hand-crank windows add to its appeal. The home retains beautiful red pine wood floors, and every corner of the property reflects care and attention. This is truly a one-of-a-kind opportunity you need to see in person to fully appreciate! All information taken from the tax record, and while deemed reliable, cannot be guaranteed.
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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 | $539,920 | $539,920 | $539,920 |
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 | $462 | $462 | $462 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,368 | $3,547 | $4,520 |
Total Monthly Payment | $3,922 | $4,101 | $5,074 |
* 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.