This lot is on a DIRECT ACCESS SAILBOAT CANAL This lot also has CITY WATER AND SEWER This makes this location ideal to build your dream home and retire or raise your family. The section of Vasco Sreet south of Rio Villa is the only street with city water and sewer in this area. No HOA's or Deed restrictions on this side of the street, the homes across the street are listed and selling for right at one million dollars. From this location it is only a 10 minute ride to Charlotte Harbor, less than an hour to Boca Grande Pass and the Gulf of Mexico. Less than 3. 5 miles to I75 and only 4 miles to Punta Gorda Airport making this location an easy commute to almost anywhere, and only 4. 5 miles to Ponce De leon Park with amazing sunsets, 10 miles to Port Charlotte Town Center and only 5 miles to Punta Gorda Historic district and waterfront park with lots of shopping and dining options. Tampa Bay Rays spring training and the fairgrounds are just minutes away, also multiple golf courses and some of the best boating and fishing in all of Florida. Red Soxs, Orioles, Twins and Braves spring training all within an hour’s drive. Buyer and buyers rep responsible for determining environment conditions and endangered species restrictions. This lot is priced to sell so please call for availability! This lot is at a great price point for the investor call today. The seller has a transferable deposit at Williamson Bros Marine for a seawall to be built, also a transferable deposit for a mangrove mitigation permit, just waiting on the Army Corps Of Engineers approval to start the project. Permits and deposits transfer to the new owner tremendously shortening the wait for seawall permit approval.
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William Raveis Mortgage, LLC
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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 | $207,992 | $207,992 | $207,992 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,366 | $1,382 | $1,754 |
Total Monthly Payment | $1,441 | $1,457 | $1,829 |
* 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.