This is a great lot for building your new home in paradise! While it sits in a small neighborhood with new houses being built and currently wooded vacant lots all around it, it is right off of the commercial Tamiami Trail / US-41 providing easy and quick access to stores, restaurants and services. There are bus stops 2 miles from this property for travelling into the center of Venice or the train depot. In addition to the conveniences nearby, this lot backs up to a freshwater canal (80 feet frontage) with a permanent view of trees on the other side with ponds beyond for a tranquil tropical view from your future screened pool lanai! This sometimes shallow canal goes under Tamiami Trail and from there it's a great kayaking waterway which empties out into the Myakka River. It also connects to several parts of the Blueway Trail system of kayak canals and parks with kayak launches that runs through North Port, Venice, and Port Charlotte. An added bonus is this lot is in Flood Zone X, so no money will be spent on raising the elevation at build time. And no Scrub Jay Permit is required at build time either. Electricity is on site ready to use, and public water mains are just a few lots down the street to be connected. A septic system will be required. Many parks and golf courses are nearby, with quick and easy access to Venice, North Port, Port Charlotte and Punta Gorda. I-75 provides easy access to Sarasota and Tampa to the north and Fort Myers to the south. A perfect spot for your new home in paradise.
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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.