One of the most desirable canal front lots in Signal Cove since it faces the wildlife sanctuary with no neighbors across from you! You must see this lot to appreciate the tranquility and beauty.
Land Value Only – Waterfront Property on a wide Saltwater Canal
This property is being sold for land value only due to significant flood damage to the existing manufactured home. Offers direct access to the Gulf of Mexico via a wide saltwater canal. This is on the main “Tower Drive” canal for the Signal Cove community and by boat it takes just a few minutes to reach the gulf with no bridges.
The property comes with 50 feet of concrete seawall, a floating dock and two davits, providing an excellent setup for boating and fishing enthusiasts.
This land is located in a manufactured home community and offers the potential for a new replacement home with fantastic water views. Enjoy the serene environment with a protected wildlife area directly across the canal, offering privacy and natural beauty. This protected area cannot be developed so this view should always be there. Enjoy manatees, dolphins, ospreys, eagles and many other types of marine wildlife right from your dock.
There is a concrete driveway and slab for a carport. The current home is connected to public water and sewer. There is a power pole for a manufactured home installed but the power is currently turned off.
It is buyers' responsibility to confirm with Pasco County any plans buyers may have for the property.
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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 | $119,920 | $119,920 | $119,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | $124 | $124 | $124 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $818 | $797 | $1,011 |
Total Monthly Payment | $1,017 | $996 | $1,210 |
* 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.