This 1. 7-acre parcel offers significant potential for development, with the possibility of subdividing into four lots. One lot is zoned for commercial/residential use, strategically positioned facing Marion Avenue, other 3 lots can be multi-family residences. While the property has experienced major flood damage and is deemed irreparable, it presents numerous opportunities for investment in a prime location near the heart of Punta Gorda. Prospective buyers are encouraged to consult Charlotte County zoning regulations to explore the myriad possibilities for commercial ventures. The site is in proximity to notable attractions such as Fisherman’s Village and offers convenient access to highways 75 and 41, as well as the new Sunseeker Resort at Charlotte Harbor. This expansive piece of land represents a unique opportunity to create a customized vision in a desirable area. RESIDENTIAL LISTING A4629954.
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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 | $292,000 | $292,000 | $292,000 |
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 | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $508 | $508 | $508 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,967 | $1,941 | $2,462 |
Total Monthly Payment | $2,550 | $2,524 | $3,045 |
* 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.