Wooded canal-front lot in the HOA-free Englewood East area. Standard 80' x 125' sized lot, excellent for building your new home in paradise complete with pool and waterfront fishing dock. The elevation is good, sitting around 7' above sea level in an AE 8' flood zone. Electricity is available across the street. Water mains are 1000 to 1200 feet away on Coach Rd as of the last utility map update. So you should be able to hook into the public water system by the time you've built, however a septic system will be required. This lot is not in a Scrub Jay permit zone so no extra permit fees at build time for that. Excellent kayaking canals to explore, but this canal does not support motorized boats, there are bridges you can't get under. There is a boat ramp at Butterford Waterway Park on Marathon Blvd just 2 1/2 miles from this property that gives you boating access to the Gasparilla Sound, Myakka & Peace Rivers, and the Gulf of Mexico. You have plenty of room to park your boat & trailer in your yard. No HOA and no deed restrictions.
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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 | $27,200 | $27,200 | $27,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $181 | $179 | $228 |
Total Monthly Payment | $256 | $254 | $303 |
* 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.