Fantastic opportunity to purchase a 2/2/2 home on canal and the vacant lot next to it. Almost a half an acre total located just a few lots away from the Myakka River which leads to the gulf. Location is also near the Myakka State Forest trail head and the back entrance to Wellen Park. This property has had NO flooding from hurricanes Helene and Milton! Original terrazzo floors throughout, upgraded kitchen with new stainless steel appliances, motion faucet, upgraded electrical panel and meter pan, new roof in 2020 and newer hot water heater. There is also a laundry room and bath under air accessible from the backyard or garage. While many of the original homes are being replaced by much larger waterfront pool homes, this home is great as-is or can be upgraded with a second story, a pool or replaced. Come see why owners love this serene area (or view 2 videos: 1 of area and 1 of home attached) and see the opportunity awaiting you!
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$570,000
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 | $456,000 | $456,000 | $456,000 |
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 | $111 | $111 | $111 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,072 | $3,031 | $3,846 |
Total Monthly Payment | $3,275 | $3,234 | $4,049 |
* 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.