Amazing lake front property in the Lake Kelly area of the Bayhsore Arts District in sunny Naples Florida. Did you know Bayshore Arts District is one of the few walkable neighborhoods in Naples FL? So many things to enjoy from the delicous coffee shops, to many restaurants, pickleball courts, botanical gardens and more. The benefit of buying and building in this area are all the amazing transformations that have all the residents saying, WOW! Current planned projects for the area - new park with walking paths and opera house, which sits just across the lake from this lot. A boutique hotel with food venues, a movie theater and the new 60, 000 sqft horticulture campus at the Botanical Gardens. The best part is all of this is located around the corner from Hamilton Harbor a wonderful place to store or launch your vessel, sit and watch sunsets or cast off and catch dinner. Build, personalize, enjoy your very own home and reap the benefits from all this neighborhood has to and will be offering. This property is being sold for land value only and should be considered as such.
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Our Executive Mortgage Banker:
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$275,000
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 | $220,000 | $220,000 | $220,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $218 | $218 | $218 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,464 | $1,462 | $1,855 |
Total Monthly Payment | $1,757 | $1,755 | $2,148 |
* 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.