Waterfront lot in Burnt Store Lakes ready for your dream Florida home. Relax on your future pool deck and watch the birds catch their dinner from the lake. The convenience of public utilities already in place adds significant value to this property. Burnt Store Lakes is an enchanting deed-restricted community that is currently experiencing a surge in new construction, adding to its appeal. As a resident of Burnt Store Lakes, you'll have the pleasure of leisurely kayaking or canoeing on pristine lakes while immersing yourself in the natural beauty of the surroundings, teeming with exotic birds and wildlife. Enjoy the community's amenities, which include a park with a playground and a brand-new kayak/canoe launch leading to Charlotte Harbor. Here, you can observe manatees, dolphins, sea turtles, or even go fishing. Located by Burnt Store Country Club which boasts an attractive 27 hole golf course which offers daily play as well as memberships along with an active activity club. Additionally, Burnt Store Marina has two on site restaurants, and the largest deep water marina in Southwest Florida. Situated between Punta Gorda and Cape Coral, the Burnt Store Corridor enjoys access to great shopping and dining to the north and south.
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Our Executive Mortgage Banker:
Our Insurance Division:
$87,000
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 | $69,600 | $69,600 | $69,600 |
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 | $469 | $463 | $587 |
Total Monthly Payment | $544 | $538 | $662 |
* 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.