GOLF COURSE/LAKE VIEW LOT in Deed Restricted Burnt Store Isles! TWO adjacent lots are available, at 627 & 633 Monaco Drive, to create a rare double lot for a spacious custom home. The lots are available separately or together. This highly desirable location borders the golf course, featuring scenic lake shoreline directly behind, along one of the Twin Isles Golf Course Lakes. The beauty of this lake is enhanced with plenty of local wildlife, including ducks, cranes, herons, ibis, cormorants and much more. Area residents are eligible for membership in the Twin Isles Country Club, a short walk away, with 18 holes of golf, tennis courts, a swimming pool, a fine restaurant and many community activities. Burnt Store Isles has very little vacant land remaining, and this may be your last opportunity to buy two adjacent lots! There are no mandatory HOA fees, membership in the Burnt Store Isles Association is optional at $45/year (it is a Neighborhood Association, not an HOA by Florida Statute 720). Deed restrictions are listed on the website at BSIA. net, enforced by
the applicable City of Punta Gorda zoning district.
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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 | $100,000 | $100,000 | $100,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $691 | $665 | $843 |
Total Monthly Payment | $766 | $740 | $918 |
* 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.