Under contract-accepting backup offers. Unique opportunity to own two adjoining oversized lots in the growing area of Sarasota County, surrounded by new construction homes! Located on a quiet street with a serene canal behind, this property is perfect for building your dream home or investment properties. The lots offer a convenient location, less than 3 miles from Warm Mineral Springs Park, 3. 5 miles from North Port Aquatic Center, a 15-minute drive to Downtown Wellen Park, and just 30-45 minutes to beautiful Gulf Coast beaches. Enjoy easy access to I-75 and Tamiami Trail, and rest easy knowing these lots are not in a flood zone. Whether you choose to build one large home or separate the lots and build two, this is your chance to create your own piece of paradise in this vibrant and growing neighborhood of beautiful Florida
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Our Executive Mortgage Banker:
Our Insurance Division:
$49,900
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 | $39,920 | $39,920 | $39,920 |
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 | $269 | $265 | $337 |
Total Monthly Payment | $344 | $340 | $412 |
* 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.