CALLING ALL BOATERS! Here's your chance to create the custom home of your dreams! This waterfront property, set on just under a quarter of an acre, is ready to be reimagined and rebuilt to your exact specifications. The home suffered damage from Hurricane Ian and is being sold AS IS, awaiting your finishing touches and personal style. A new roof was installed in 2023. Enjoy sprawling views of Matlacha Pass, and see dolphins, manatees, and birds from your lanai. You can catch snook, snapper and even tarpon from your yard. Relax by the pool and spa with a good book or a refreshing beverage as you take in the stunning Southwest Florida sunsets, making every evening a picturesque and tranquil experience. Boaters, fishermen, canoe, and kayak lovers will find endless potential right from your backyard leading to the Gulf of Mexico and direct access to Cayo Costa, Captiva, and Fort Myers Beach. Locally, you’ll love the artsy and quaint Malatcha lifestyle with art galleries, restaurants, ice cream shop just minutes from your home. This is your opportunity to embrace the waterfront lifestyle and create a truly personalized home! Agents please see remarks.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $599,920 | $599,920 | $599,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $253 | $253 | $253 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,991 | $3,941 | $5,059 |
Total Monthly Payment | $4,336 | $4,286 | $5,404 |
* 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.