ATTENTION ALL INVESTORS AND FLIPPERS! 85 feet of waterfrontage along Swordfish Strait waterway and powerboat access to Charlotte Harbor within minutes! This house is an investor's dream! It was flooded during the hurricanes of 2024 and has been mitigated. New drywall is in place. It needs interior doors, trim, baseboards, vanities, kitchen cabinets, and appliances. At this price, you can afford to do all of this and still make a mint! There are terrazzo floors throughout, under the tile! The pool and spa were installed in 2017 and work perfectly. The metal roof is 2021, and the electrical is 2018. The seawall has been replaced, but the dock requires repair. This is an opportunity that cannot be passed up! Enjoy being conveniently located by Historic Downtown Punta Gorda, Fishermen’s Village, and Ponce De Leon Park. Plus, you’ll be close to award-winning beaches, world-class fishing, shopping, dining, and live entertainment. Come take a look! The sellers are motivated, and we welcome buyer's brokers to show this property!
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Our Executive Mortgage Banker:
Our Insurance Division:
$465,000
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 | $372,000 | $372,000 | $372,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.243% | 7.171% | 6.518% |
Monthly Tax Payment | $744 | $744 | $744 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,475 | $2,472 | $3,190 |
Total Monthly Payment | $3,294 | $3,291 | $4,009 |
* 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.