MANUFACTURED HOME COMMUNITY WITH SALT WATER ACCESS & YOU OWN YOUR LAND! No lot fees!!! This is an exciting opportunity to invest in a community that is transforming itself, building your own wealth! This unique 55+ manufactured home community with large lots and CITY WATER and SEWER is bordered on 2 sides by canals that lead to the Gulf of Mexico. Enjoy the extra space and convenience that this lot has as a corner lot. There was a home on this lot previously so there is a driveway and utilities in place. Manatee Cove of Englewood (formally known as Holiday Mobile Estates 1) has a community boat ramp with access to the Gulf. Catfish Canal is a salt water canal that feeds into Rocky and Ainger Creeks and out into Lemon Bay and the Gulf of Mexico while Redfish Canal is a fresh water canal that flows behind Flamingo, offering fresh water fishing. Most of the older manufactured homes in this community are being replaced with new homes, bringing great value to this neighborhood. Drive your golf cart or walk to one of the shared waterfront areas, the community center or drive your car to the beach. The closest beach is just 3. 5 miles away! There are numerous beaches within 15 minutes including 4 Englewood beaches. You will love all that this community has to offer! The low optional HOA fee is just $110 a year (required for use of the boat ramp and Community Center). The community center offers many community events including Pickleball, yoga, dances, bingo, crafts, dinners, shuffleboard and more! If you decide to venture out of this fabulous community you will enjoy being close to shopping, restaurants, a dozen golf courses, world class fishing, and so much more. There are several thousand acres of preserves and parks within a few minutes of this community. You do not want to miss out on all of this! Call TODAY!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$39,900
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 | $31,920 | $31,920 | $31,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $210 | $212 | $269 |
Total Monthly Payment | $285 | $287 | $344 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.