The Tee & Green Estates neighborhood has been partially developed with some older and some brand new houses on the west side. While this beautiful 80' x 125' lot is in the undeveloped area of the neighborhood, it sits only 1 block from paved streets and electricity. Once streets are laid in this area it will be ready for building. This area is Flood Zone X, so you won't have to raise the elevation at build time and flood insurance won't be required. No HOA or deed restrictions to comply with, just county building codes for single family homes. This area is outside of the busy center of town, yet it is close to everything Punta Gorda has to offer: amazing restaurants, boutique shopping, art galleries, parks for festivals, and a vibrant waterfront. Being close to an entrance to I-75 provides easy access to the entire SW area of Florida. This owner is also selling another single lot and a double lot on the same block. (MLS D6135552 & D6135582). Buy all 4 lots for $40k for a great investment in this future area.
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William Raveis Real Estate
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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 | $8,000 | $8,000 | $8,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $53 | $53 | $67 |
Total Monthly Payment | $128 | $128 | $142 |
* 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.