11800 MJ Rd. Your search for a buildable 5+ acre lot in a non-deed restricted area of beautiful Myakka City may have just ended! This 5. 18 acre parcel presents an unmatched opportunity to design and build the custom home of your dreams. Located off the quiet, rural MJ Road this lot is already cross fenced and cleared and ready to host your brand new Florida homestead. This lot truly is a blank canvas to bring your home construction dreams to fruition and the agricultural backdrop of Myakka represents the best of the “Old Florida” lifestyle. Myakka City is a quaint, rural area located within close driving proximity to Lakewood Ranch, Sarasota, Bradenton and all of the renowned barrier islands with white sand beaches, such as Manasota, Siesta, & Longboat Key and Anna Maria Island. You will be able to enjoy the slower pace & peace of country life, but still have all the amenities such as shopping, entertainment & dining within a short approx. 25 minute drive. This lot is nearby the TerraNova Equestrian Center & Estates, Miakka Golf Club and also the under-construction Soleta Golf Club, proving this is a desirable area that continues to grow and thrive and will be a worthwhile investment far into the future. Also, Myakka State Park is very near and features many shaded trails for hiking, biking, & horseback riding in addition to lakes and rivers for paddling & fishing adventures. There are additional adjacent lots available for purchase, for those looking to have a best friend or family member be your next door neighbor, so please don’t hesitate to come view this lovely parcel very soon. You will not want to miss it! 11800 MJ Rd.
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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 | $215,200 | $215,200 | $215,200 |
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 | $1,450 | $1,430 | $1,815 |
Total Monthly Payment | $1,525 | $1,505 | $1,890 |
* 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.