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Discover an incredible opportunity to own almost 1. 5 acres of prime real estate at the highly visible corner of State Road 70 and Singletary Road in Myakka City, Florida. This property is perfectly positioned in an area experiencing exciting growth, with a mix of residential and commercial development reshaping the community.
The property is already zoned Village, allowing for a variety of permitted and special uses under Manatee County regulations, making it ideal for investors or business owners looking to capitalize on this strategic location. Whether you're considering retail, office space, or other ventures, this corner lot provides the flexibility to bring your vision to life.
Adding to its appeal, Singletary Road is quickly becoming a hotspot for high-end development. Several state-of-the-art golf courses are being constructed just down the road, drawing attention and increasing traffic to the area. Nearby amenities include a newly opened Dollar General and gas stations, providing added convenience and ensuring that this lot is surrounded by bustling activity.
Offered at $675, 000, this property represents an exceptional value in one of the most promising up-and-coming areas of Myakka City. Don’t miss the chance to secure your piece of this rapidly developing community.
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Our Executive Mortgage Banker:
Our Insurance Division:
$675,000
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 | $540,000 | $540,000 | $540,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.042% | 6.160% |
Monthly Tax Payment | $125 | $125 | $125 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,547 | $3,547 | $4,520 |
Total Monthly Payment | $3,764 | $3,764 | $4,737 |
* 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.