Opportunity Time! 8. 23 ACRES on Fabulous Terra Ceia Island! Image the possibilities of a family compound or the ability to build the home of your dreams with a water view of Tillett Bay, have a few horses or maybe have a home business. For those unfamiliar with Terra Ceia Island, it is like no other, known as the "Heavenly Land" there are NO DEED RESTRICTIONS, NO HOA BOARD OR DUES, NO CD. Current zoning may allow for a Buyer to pursue subdividing to create more lots. 2 parcel ID numbers it should be simple for a buyer to split off at least one 4 +- Acres parcel. This is an active community with golf carts, a private park and boat launching for only $250 per year. Minutes to the Skyway Bridge for an easy commute to St. Petersburg and Tampa (Go Rays, Go Bucs) airports, shopping and restaurants. Also minutes to I-75 for fast access to Bradenton and Sarasota. Owner may consider allowing for a deeded access to Tillett Bay. Please DO NOT walk or access property without appointment. Includes PI. #21869. 00102
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William Raveis Real Estate
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,120,000 | $1,120,000 | $1,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.110% | 6.735% | 6.680% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,264 | $7,171 | $9,756 |
Total Monthly Payment | $7,389 | $7,296 | $9,881 |
* 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.