Future home site – this building lot is located in Section 94 of South Gulf Cove, a deed restricted waterfront community equipped with city water and sewer! Section 94 has a mandatory HOA - Waterview Property Owner’s Association. This property is on a non-through street with an extra large rear green belt area to the rear! 4. 6 miles to the southwest of this property is South Gulf Cove Park – (an optional association to join) where you will find: Boat Ramp, Fishing, BBQ Grills, Picnic Shelter and more. By car this lot is located approximately 15 miles (northwest) to Englewood beaches and 16 miles (southwest) to the historic Boca Grande Lighthouse at southern tip of Gasparilla Island. You will find a number of Golf Courses within 5-10 miles. This is a great private location, close to HWY 771, just south of 776 where Charlotte Sports Park is – Home of the Tampa Bay Rays Spring Training! South Gulf Cove does have a voluntary membership for the Home Owners Association. Invest or build your new home and enjoy all the delights of Southwest Florida’s lifestyle! PCH 094 4993 0021.
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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 | $28,000 | $28,000 | $28,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $186 | $184 | $236 |
Total Monthly Payment | $261 | $259 | $311 |
* 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.