This South Punta Gorda lot is on a quiet road in Tropical Gulf Acres, that would be a great place to build your dream home. The property is 60x120 with 60 ft of road frontage, and a total of about 7, 200 sqf. This is a desirable lot, with no deed restrictions! Only 10 miles to Ponce De Leon Park and boat ramp, 8 miles to Downtown Punta Gorda with lots of shopping and dining options. Fort Myers is just a twenty minute commute, and Sarasota in less than a hour. Multiple golf courses to choose from are within 30 minutes around the property, and some of the best boating and fishing in all of Florida is available right in the Charlotte Harbor. The Rays, Red Sox, Orioles, Twins and Braves spring training baseball facilities are all within a hour drive. This lot is priced to sell so please call for availability! A great price point for the investor this property will not last at this price so call today.
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William Raveis Mortgage, LLC
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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 | $11,360 | $11,360 | $11,360 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $76 | $75 | $96 |
Total Monthly Payment | $151 | $150 | $171 |
* 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.