Under contract-accepting backup offers. Investment Opportunity! Discover 87 feet of expansive, unobstructed views of Lemon Bay, located near Mile Marker 26, one of the widest sections of the bay. Experience breathtaking sunsets from this property! Previously, this home offered 2, 490 square feet of open floor plan living, featuring panoramic views from nearly every angle, a spacious enclosed lanai, and a sparkling pool. The pool has been cleared of debris, and the water lines have been pressure checked. The former owner had a private boat dock with electricity, which can be restored, as some of the pilings remain intact. A sturdy concrete seawall is in place. The property is connected to city water and sewer. It is being sold AS-IS, presenting a cash buyer with the opportunity to renew the existing property or build anew and start enjoying the “salt life. ”
This boater's dream location offers direct access to the Gulf of Mexico with less than a 5-mile boat ride. Hop in your golf cart and take a tour of downtown Dearborn, where you can explore a variety of restaurants, shops, and the renowned Dearborn Farmers Market. Manasota key Englewood Beach by car is only 2. 7 miles. Seize this fantastic opportunity to build your dream home on a prime waterfront lot, creating instant equity for you and your family.
Some photos have been virtually renovated/enhanced.
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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 | $548,000 | $548,000 | $548,000 |
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 | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | $639 | $639 | $639 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,692 | $3,642 | $4,621 |
Total Monthly Payment | $4,423 | $4,373 | $5,352 |
* 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.