WHAT A BARGAIN! Bring your vision to finish restoring this fabulous waterfront home back to it's pre-flood condition! Damaged by flooding during Hurricane Helene and Milton, the house has been remediated by Servpro and the county has deemed it HABITABLE and ready for remodel. Bring your vision for the restoration! The METAL roof is only a few years old (2022) and AC is newer as well. The electrical panel is also in great working condition. The home sits just minutes away from the Charlotte Harbor Yacht Club, Popular Waterfront Restaurants, and Beaches. Situated on a cul-de-sac road that provides privacy without paying any HOA fees. The beginning-of-the-street location gives you immediate access to Peace River without long travels down canals to access the Gulf. The lot requires septic, public water nearby and electric right out front saves big money when building your dream house or investment property on this Punta Gorda waterfront lot. Don't miss out on the chance to own a piece of paradise in this highly desirable location. Boater’s Dream!!! Build now or hold for the future. Easy access to US41, I-75 and the City of Punta Gorda by land or water for dining and entertainment. Lot has 60' of water frontage with a dock and electric lift. Lot next door is also for sale and can be purchased together with the home for a bundle deal.
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Our Executive Mortgage Banker:
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$255,000
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 | $204,000 | $204,000 | $204,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.386% | 6.623% |
Monthly Tax Payment | $261 | $261 | $261 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,357 | $1,392 | $1,763 |
Total Monthly Payment | $1,693 | $1,728 | $2,099 |
* 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.