A opportunity awaits you as this over 1/2 acre lot is zoned multi-family and this lot has plenty of room for a couple of villa's. It is a Deed Restricted area that ensures that others respect their property as much as you will respect your own. The HOA dues are only $145 per year as well, so the affordability is fantastic. This lot also has city water and sewer. The location of this lot is only minutes from 1-75. As you can see by the pictures, this lot is literally right down the road from Deep Creek Golf Course. 5 more golf courses are within a 20 minute drive for all you golfing enthusiast. Walmart is right down the road as well as a Publix Shopping Center with multiple places to dine in the immediate area. Downtown Punta Gorda is a 10 minute drive away and has many more fine dining options with different types of cuisine for choosing. Pubs and sports bars are all around and it is always a treat to watch a game and get a bite at the Tiki Hut on the Charlotte Harbor waterfront. Little Ole' Punta Gorda has become a Pickleball Haven with courts all around including the recently finished PicklePlex right in town where league play and tournaments are packed all week long. The night life is always thriving downtown and of course the Saturday morning Farmers Market is a long standing tradition that you will always enjoy. The walking and biking trail along the water downtown is always a treat and if you want to put the boat or wave runner in the water, there are multiple places around town to put the boat or wave runner in the water and with plenty of room for parking the truck and trailer while you are out to sea. So this could be the perfect lot for building an investment property for a very reasonable price. So drive by and see how easy the access is to 1-75 and how nice this up and coming community is with new construction going on everywhere.
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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 | $52,000 | $52,000 | $52,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $355 | $346 | $439 |
Total Monthly Payment | $430 | $421 | $514 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.