Bring your SAILBOAT - No Bridges to the Bay! Seller assisted financing with 3. 5% down, first year rate as low as 4% to a qualified buyer. Seller will consider seller financing with larger initial investment to a qualified buyer. Why pay high rates today when you don't have to. At this time this is the lowest priced 3 bedroom home on sailboat water in South Gulf Cove. Live your Florida dream vacation every day! Wonderful 3BR, 2 Bath home with POOL & Spa will give you a “home base” to travel the world on your sailboat. Located on a canal which leads to Charlotte Harbor, Boca Grande and the world beyond. At this location you can enjoy a day on the water with the convenience of having your boat ready for use at a moment’s notice! South Gulf Cove is a very special waterfront community conveniently located close to great shopping, restaurants from casual to gourmet, world class Golf Courses, quaint Olde Englewood Village, historic Punta Gorda and Fisherman’s Village (by boat or car), and of course the beautiful Gulf Beaches of Boca Grande! Take your boat out to Boca Grande for the day or take a short (approx. 10 minute) drive to the Boca Grande Causeway to enjoy spectacular sunsets and all that fabulous Boca has to offer. Need a little more room? Seller owns the ADJACENT SEAWALL LOT which could provide an additional 80 feet on the water giving the potential to build or just have more space for whatever you want or need. Call today for more information on this home and special financing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$594,800
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 | $475,840 | $475,840 | $475,840 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $318 | $318 | $318 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,206 | $3,163 | $4,013 |
Total Monthly Payment | $3,616 | $3,573 | $4,423 |
* 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.