Multi Family!
Rare opportunity awaits in beautiful Burnt Store Meadows! This oversized lot, boasting nearly half an acre, presents an ideal canvas for your dream home or multi-family development. Situated in a coveted NO FLOOD ZONE and zoned for multi-family use (GM 15), the possibilities are endless. Whether you envision a spacious single-family retreat with a pool and more, or explore the potential for up to 15 units per acre, this property offers unparalleled flexibility.
Enjoy the charm of this sought-after neighborhood, complete with sidewalks, street lights, and community events like Food Truck Friday. Embrace the convenience of walking distance to Alligator Creek and the adjacent 45, 000+ acre Charlotte Harbor Preserve State Park, perfect for outdoor enthusiasts.
Don't miss out on this exceptional opportunity! With its prime location and versatile zoning, this sizeable lot won't last long on the market. Seize the chance to create your own slice of paradise in one of Charlotte County's most desirable communities. Schedule your viewing today!
Owner is the listing agent and a licensed Broker in the state of Florida.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$80,000
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 | $64,000 | $64,000 | $64,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $431 | $425 | $540 |
Total Monthly Payment | $506 | $500 | $615 |
* 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.