This property is in Charlotte Ranchettes- the best of both worlds in Florida- Country atmosphere with most homes on an acre or more - this is one of the few smaller lots at . 63 of an acre available. Not far from all that Florida offers in fishing, hunting, boating and beach. The lot is zoned AG so a manufactured home can be set here with property county permitting. The lot is in a designated wetland - the property can be mitigated with the Environmental protection agency (EPA) as many others in the community have done to be able to build here. The process starts with actual footprint surveys of the proposed home so this is something the buyer has to do after purchase. You can though contact the EPA and county and they can tell you about the process. The mitigation cost for an average double wide with driveway, septic and well is 12K to 16K. This is based on the land used for the structure. The owner of this lot already had a Manufactured home built and could not wait for the process (2-6months) for the approval and purchased another property.
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William Raveis Real Estate
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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 | $28,000 | $28,000 | $28,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $186 | $186 | $240 |
Total Monthly Payment | $261 | $261 | $315 |
* 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.