Over 350 feet of frontage on HYW 41/Tamiami Trail. This is going to be a growing area over the next 5 years. Already there is an approved large Residential 1600 units development coming to the area: The project is part of a larger 564-acre residential and commercial development that includes land preservation within Tuckers Grade, U. S. 41 and Interstate 75. The initial phase includes 354 single-family lots and infrastructure — utilities, roads and more — for around 148 acres of a 507-acre parcel of mostly wilderness at 28450 Tuckers Grade, Punta Gorda. High Traffic counts on HYW 41/Tamiami Trail. Close to Punta Gorda and the Airport.
Developers and Investors opportunity to build cash flowing buildings.
Great opportunity for an end user to pick up land, develop and be ahead of the game in this now growing area of Florida.
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Our Executive Mortgage Banker:
Our Insurance Division:
$535,635
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $428,508 | $428,508 | $428,508 |
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 | $2,851 | $2,848 | $3,674 |
Total Monthly Payment | $2,943 | $2,940 | $3,766 |
* 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.