Envision your dream home on this oversized lot in the up-and-coming area of North Port, a city known for its rapid growth and potential. This expansive piece of land is nestled in an X flood zone, offering the advantage of no mandatory flood insurance, which is both a cost-saving and a stress-relieving feature for homeowners. The absence of scrub jay habitat restrictions frees you from additional environmental permitting hurdles, streamlining your building process. While the lot will require the installation of a well and septic system, this grants you the autonomy to manage your water and sewage systems without reliance on municipal services. The North Port area is characterized by its peaceful privacy and natural beauty, with tall oaks and pines dotting the landscape1. The lot’s generous dimensions mean there’s ample room for not just a house, but a private pool, a large garden, or even an oversized garage—the possibilities are endless. In terms of amenities, North Port doesn’t disappoint: Warm Mineral Springs: A nearby natural wonder offering therapeutic benefits.
Outdoor Activities: Enjoy hiking, biking, and nature trails at Myakkahatchee Creek Environmental Park. Recreation: Over 400 acres of parkland, recreational facilities, and a state park await your exploration. Cultural Richness: Engage with the arts at local galleries and theaters. Convenience: Easy access to I-75, grocery stores, shops, restaurants, and more.
This lot represents more than just land; it’s a gateway to a lifestyle filled with tranquility, convenience, and the promise of a vibrant community. Build your future here, in North Port, where your home will be a sanctuary surrounded by Florida’s enchanting Gulf Coast charm. LOT #2 IS ALSO FOR SALE LOT 1 AND 2 TO BE SOLD TOGETHER. LOT #2 MLS# D6136962
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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 | $14,400 | $14,400 | $14,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $96 | $96 | $123 |
Total Monthly Payment | $171 | $171 | $198 |
* 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.