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Short Sale. SHORT SALE. Lender approval is required. Please allow 3-4 months for approval.
This home was flooded by Hurricane Helene. Home has been remediated and is now a clean slate ready for renovations. Buyer is responsible for verifying all property information including rebuild and permitting information and restrictions with the city of St. Petersburg. This home has so much potential with 4 bedrooms, 2 baths, and a 2 car garage. Split floor plan with open living room, kitchen, dining room plus a large family room. There is also a screened in porch overlooking the back yard which has room for a pool. Although this home was flooded, recent updates include new roof & windows in 2021, HVAC in 2020, updated electric and plumbing in 2023. First interior pictures were pre-hurricane and reflect the potential that this home has. This property is priced lower than FEMA’s land value for quick sale. This is a fantastic opportunity to remodel the existing block home or tear it down and build your dream home. Shore Acres is a beautiful community made up both waterfront interior homes located just a short drive to downtown St. Petersburg.
Shore Acres is known for its strong community spirit and local amenities including a recreation center with a pool, basketball courts, gym, indoor pickleball courts, playground, and a youth program that provides activities for kindergarten’s through 8th graders including after school programs and summer camp. The Gathering Church is also located within the Shore Acres community which many residents enjoy. This community is close to the Shore Acres elementary and middle schools, Mangrove golf course, Weadon Island Preserve and the YMCA.
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Our Executive Mortgage Banker:
Our Insurance Division:
$274,900
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 | $219,920 | $219,920 | $219,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.083% | 7.063% | 6.152% |
Monthly Tax Payment | $754 | $754 | $754 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,390 | $1,445 | $1,841 |
Total Monthly Payment | $2,219 | $2,274 | $2,670 |
* 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.