Oversized corner lot in a beautiful area away from all the commerce. Very buildable with an extra wide lot 100' x 125'. Build the house facing Poston for a southern backyard exposure, or have it face Jersey St (East) for a Western backyard exposure. Corner lots also allow for angled houses, circle driveways, and additional driveways behind or beside the house for parking boats, jet skis, or RVs. Surrounded by vacant lots and scattered houses, electric poles are only two lots away and water mains are a couple blocks away in multiple directions. Ask the county for a connection estimate. A septic tank will be required when you build a house here. This lot is not in a current Scrub Jay Permit zone. The Flood Zone is AE9 and the county's GIS system identifies the land's natural elevation is sitting around 8' high, so a couple feet of fill dirt will be required at build time. Talk to your builder, some include this expectation in their pricing. No HOA to restrict pets, parking or leasing, just County building codes. Walk to and around Ollie's Pond Park, just 3 miles to the Sports Park and County Fairgrounds, and 5 miles to the Port Charlotte Beach Park with boat ramps, a swimming pool, tennis courts and a beach. This is a perfect location to build your new home in our slice of Paradise!
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William Raveis Real Estate
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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 | $16,800 | $16,800 | $16,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $115 | $112 | $142 |
Total Monthly Payment | $190 | $187 | $217 |
* 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.