This spacious vacant lot, located at 256 Ellington St. in Port Charlotte offers a fantastic opportunity for those looking to build their dream home in a peaceful, growing community. The property spans . 23 acres and is surrounded by lush, natural landscape, offering the perfect setting for your future home. While the lot has not been cleared, it provides plenty of potential for development and customization. This lot is ideally located near everything Port Charlotte has to offer, including convenient access to US-41 and I-75, retail centers, restaurants, outdoor recreation, Port Charlotte Beach and the Gulf Coast beaches. With no HOA restrictions, you have the flexibility to design your space as you desire, making this an ideal investment for those looking to settle in Southwest Florida. This property is in the X-500 flood zone and is not in the scrub jay permit zone.
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Our Executive Mortgage Banker:
Our Insurance Division:
$16,000
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 | $12,800 | $12,800 | $12,800 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $86 | $85 | $108 |
Total Monthly Payment | $161 | $160 | $183 |
* 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.