Unique opportunity to enjoy the scenic beauty of Old Florida and build your dream Country estate home in the quaint country town of Alva. This pristine nearly 10 Acre wooded parcel (9. 80 per survey), in one of the most desirable areas of East Lee County just East of I-75 and North of the Caloosahatchee River is located on prestigous Duke Highway in Alva. This stunning area is canopied by large oaks and provides a tranquil setting consisting of a mix of large riverfront estate homes and hobby farms, offering the perfect blend of luxury and rural living. This property is truly the definition of Old Florida with its stately Live Oaks, Pines, Cypress, Palms, Bamboo and a variety of other native flora and fauna. Zoned AG-2 allowing for a variety of mixed uses including residential, livestock, horses, farms or just a peaceful retreat from it all…the possibilities are endless. No Deed Restrictions! No HOA! Located on a quiet, dead end paved road, you're just 5 minutes away from the new Babcock Ranch Community, the Publix-anchored shopping center, new retail plaza, restaurants and many local parks. Only 10 minutes to I-75 & SR 80 and just a short drive to the Downtown River District. Parcels this special are rarely available and won’t last long! Come experience the feel of the real Florida…. you won’t ever want to leave!
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Our Executive Mortgage Banker:
Our Insurance Division:
$695,000
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 | $556,000 | $556,000 | $556,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,653 | $3,695 | $4,689 |
Total Monthly Payment | $3,745 | $3,787 | $4,781 |
* 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.