Under contract-accepting backup offers. An unbelievable opportunity in Placida to purchase this 3. 82 acre parcel. This property is zoned Manufactured Home Conventional (MHC) and has low density residential land use allowing for 5 units per acre, which should allow for 19 single family or manufactured homes. A portion of the property is also located in the X flood zone. This property currently has a hurricane damaged single family home, a storage structure, and a manufactured home on annual rental agreement. Sewer Capital Capacity fees have been paid for one living unit. Situated in a fantastic location close to all area beaches, shopping, golfing and dining in Englewood, Rotonda West and Boca Grande. This land has enormous potential, contact us today for more information and to schedule a showing. Do not drive in the driveway or enter the property without an appointment. You must be accompanied by a licensed Real Estate Agent.
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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 | $599,600 | $599,600 | $599,600 |
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 | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,989 | $3,985 | $5,141 |
Total Monthly Payment | $4,081 | $4,077 | $5,233 |
* 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.