Welcome to this exceptional oversized lot located in the charming City of Punta Gorda, offering quick and easy access to various amenities such as the Punta Gorda History Park and Community Garden, the Punta Gorda Library, Gilchrist Park, Fishermen's Village, and more! This property presents a unique opportunity for you to build your dream home on a spacious lot or even consider dividing it into two lots for additional options.
Zoned as Neighborhood Residential 10 (NR-10), this property allows for various possibilities including single-family homes, duplex homes, and other options as per Chapter 26, Section 3. 7 of the City Code of Ordinances. There may even be potential for special uses such as a bed and breakfast or a group home, subject to the complete details outlined in the referenced code.
With limited vacant lots available in the City, this is a rare opportunity to own a piece of land in one of the most desirable cities in Southwest Florida. Don't miss out on the chance to make your mark in this sought-after community. Take advantage of this opportunity and make your vision a reality on this exceptional property in Punta Gorda!
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Our Executive Mortgage Banker:
Our Insurance Division:
$180,000
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 | $144,000 | $144,000 | $144,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $982 | $957 | $1,214 |
Total Monthly Payment | $1,057 | $1,032 | $1,289 |
* 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.