Here is a great opportunity to own a ¼ acre ALREADY CLEARED vacant lot in a nice area of Punta Gorda just about 6 miles east of I75! Red Pine Rd is conveniently located just off HWY17 giving you easy access to I75 which is just a few minutes down the road.
This lot has 75 feet of frontage and is 135 feet deep giving you 10, 135 square feet of blank canvas to work with to build your dream home! As mentioned previously this lot is already cleared, has no protected species, is not in a Scrub Jay or flood zone, and is a great investment at this price!
Punta Gorda sits directly on the Charlotte Harbor, the second largest estuary in Florida, and Southwest Florida’s #1 spot for water-centric lifestyle such as fishing and boating! Punta Gorda has a plethora of restaurants, shops, and entertainment for you to find pleasure in! If you are looking for a small town feel, close proximity to everything you can dream of, this lot might be just what you’re looking for! Welcome to paradise!
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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 | $19,200 | $19,200 | $19,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.490% | 5.490% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.490% | 6.654% | 5.752% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $121 | $121 | $157 |
Total Monthly Payment | $196 | $196 | $232 |
* 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.