RARE FIND! 2021 charming concrete block 3 bedroom home on 2. 26 acres completely fenced. Just one mile East of the Lee County line. Scott road is a quiet county maintained dead end road. This Mini farm offers plenty of room to garden, maybe add a pool and bring the horses and pets. The seller added 70 loads of dirt to this property before building! Attached is the the Fema Flood info. The only area dirt was not added was the cypress stand. The majority of the land is zone X now. The house has impact windows, a Generac generator with a 1000 gallon buried propane tank. You will be all set for any power outages. Three sheds come with the property. One of them is a mini cabin with a bathroom that just needs to be hooked up to the electric, water and septic. No one will build behind the property because it is SW FL water management easement. It is only approximately 7 mins to the Alva boat ramp on the Caloosahatchee River.
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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 | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.159% | 6.392% |
Monthly Tax Payment | $415 | $415 | $415 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,285 | $3,323 | $4,253 |
Total Monthly Payment | $3,792 | $3,830 | $4,760 |
* 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.