Rare INVESTMENT opportunity! ZONED for Multi-Family 3-9 units, future use is commercial use for retail / office space, or residential to build your DREAM home. 90’ of Manatee River water frontage, private beach, and 182’ private dock with water / electric in place. This cleared lot sets in the heart of Ellenton and is just waiting to be built on. Location is everything, buy this lot and you will be about 20 minutes to Anna Maria island by boat or car, 2 minutes to I-75 or Hwy 301 so getting to Tampa/St Pete/Sarasota is a breeze, and 2 minutes down the road from Ellenton Premium outlets. Being just under a ½ acre there is plenty of room to build your dream home right on the water or an OPPORTUNITY to build a plot of vacation rentals. All the hard work of clearing the lot has been done and there are existing utilities ready for hookup so you just need to bring your ideas and make it come to life. BONUS you do not have to pay impact fees to build, there was a previous home here.
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Our Executive Mortgage Banker:
Our Insurance Division:
$789,000
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 | $631,200 | $631,200 | $631,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.171% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,306 | $4,195 | $5,412 |
Total Monthly Payment | $4,398 | $4,287 | $5,504 |
* 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.