This vacant lot presents an incredible opportunity for those seeking to build a custom home in one of the most dynamic and rapidly expanding cities in the United States. Boasting an already cleared landscape, free of heritage trees, this vacant lot eliminates the need for costly clearing expenses, saving you thousands of dollars right from the start. Situated in North Port, the second fastest growing city in the nation, this prime location offers the perfect backdrop for crafting your ideal living space. Whether you're envisioning relocated from a different state or even just right down the road, this lot provides the canvas for your imagination to flourish. With no existing structures, you have the freedom to design and construct a custom home tailored precisely to your tastes and needs. North Port is renowned for its warm climate, abundant sunshine, and a vibrant community. The city provides a harmonious blend of small-town charm and modern amenities. From pristine beaches nearby and a variety of golf courses to tranquil parks and nature preserves, North Port offers a multitude of recreational opportunities to satisfy outdoor enthusiasts. The convenience of essential amenities is within easy reach, with grocery stores, restaurants, schools, and medical facilities just a short drive away. This vacant lot also offers excellent connectivity opportunity to I-75. Major highways and interstates are easily accessible, making travel to neighboring cities such as Sarasota, Fort Myers, and Punta Gorda a breeze. Take advantage of this cleared, tree-free lot and unlock the potential to build your dream home. Home builders can be recommended upon request
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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 | $18,000 | $18,000 | $18,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $117 | $115 | $149 |
Total Monthly Payment | $192 | $190 | $224 |
* 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.