Location, location, location! Look at this beautiful piece of vacant land in the very center of Rotonda West. The preferred X flood zone will save thousands in building costs and ongoing insurance costs! This lot is favorably zoned OMI which has many commercial uses like Office, Medical, and Institutional as well as residential uses like Multi-Family and Single Family. If you choose to use the conditional zoning option of Multi-Family the density can be up to 10 units per acre. For this 1. 9-acre parcel, you could theoretically put 19 units on it. Or you could build one magnificent home on a huge 1. 9-acre lot. The choice is yours, commercial or residential. All utilities are here including water, sewer, cable, broadband internet, electric, and phone. Other lots are available on Parade Circle from the same seller if you would like to purchase several as a package. Seller financing is available.
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Our Executive Mortgage Banker:
Our Insurance Division:
$331,540
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 | $265,232 | $265,232 | $265,232 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,765 | $1,763 | $2,237 |
Total Monthly Payment | $1,840 | $1,838 | $2,312 |
* 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.