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Lake Reedy BOULEVARD N, Frostproof, FL, 33843 | $75,000
A little over an acre of land on Lake Reedy inside the City Limits of Frostproof. Two storage sheds are included with the purchase. This lot has a flood zone of AE. Previous prospective buyer has completed due diligence and discovered via phone calls and emails with governing authorities and they concluded the land size wasn’t conducive for them to build their home. It is highly advisable le to check with all. Building regulations of what it takes to build in this zone. There is a marked base flood elevation for this lot, any living areas needs to be built above that area and flood vents are to be installed underneath the structures in case of flooding. Please check with all regulations and set backs. Lake Reedy is a very large 3600+/- acre lake it has a FAA identification for water float planes to land and takeoff. Lake Reedy is know for lots of Bass and other fishing, boating and skiing. Southwest Florida Water Management District will be the one to make the determinations of the conditions of the property and the requirements. Please understand this lot is MOST LIKELY unbuildable. This lot is covered in wetlands.
Features
- Lot Size: 396 x 153
- View: City, Trees/Woods, Water
- Elem. School: Frostproof Elem
- Middle School: Frostproof Middle Se
- High School: Frostproof Middle - Senior High
- MLS#: K4902321
- Days on Market: 124 days
- Website: https://www.raveis.com
/prop/K4902321/lakereedyboulevardn_frostproof_fl?source=qrflyer
Listing courtesy of KEYSTONE REALTY Phone: 863-635-0030
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Lake Reedy BOULEVARD N, Frostproof, FL, 33843
$75,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 | $60,000 | $60,000 | $60,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $399 | $399 | $506 |
| Total Monthly Payment | $474 | $474 | $581 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388