“A Pond on the Prairie” is a 5 acre parcel that is a rare offering in east Charlotte Co. Why? Here are a few of the reasons why…this tract has OWNER FINANCING TO A QUALIFIED BUYER, is for either a homesite or AG building (pole barn or metal barn), is a corner property with electric service on the west road front, has a 1/3 acre pond. a huge house or barn pad adjacent to the pond, zoned Agriculture, a liberal low density zoning and has a gated access on the south road front. (Currently the gate is in disrepair. ) One exceptionally good reason this property is a rare offering is most rural properties in the area do not have electricity & obtaining electric service is prohibitive due to the tremendous cost of the pole lines construction which can be in the thousands of dollars. Tract is located in the Charlotte Harbor Highlands Subdivision and all parcels less than 10 acres are grandfathered and can be built on. Barn buildings or pole barns do not require a building permit (Florida state law), but if you build with electric service and/or plumbing, then permits are required. Access is via a good private marl road (easement) which is 6/10ths. mile south of SR74. There are no deed restrictions. The road is privately maintained by those who use the road or the owners on the road. Septic & well are required and the general elevation is around 50-60 feet above sea level. In this area you can have a garden, fruit bearing trees or even a larger garden for long term sustainability and most of all the area’s neighbors are all folks who love living here, get along with each other and would do most anything for their community of friends. New neighbors are discovering this area as a place to live away from the bustle of SW Florida. And, lastly many do not know the fact that history flourished here as these are the same prairies of the Conquistadores, the artist Frederick Remington, cattleman Bones Mizell, & the treacherous Calusa Tribe of Ponce de Leon fame. The daytime skies offer interesting sights as the picturesque clouds grow and develop in the afternoon and deliver boundless visual entertainment. To add to natural character of the area, the sunrises-sunsets are for the artist to paint…the nighttime view of the stars & the universe are undisturbed as there are no city lights nearby and summer showers roll across the horizon blending in with the distant pine and prairie lands. This is in a vast 2 sq. mile area of scattered small farms, ranchettes & undeveloped parcels owned by mostly out of state property owners. The only limitations are prescribed by the AG zoning which permits all uses under the description including low density residential (1 home per parcel), conservation, agriculture, recreation and other uses consistent therewith. It is the purpose of the agricultural districts to provide areas for the establishment and/or continuation of agricultural operations with residential uses being permitted only at very low densities and to accommodate those individuals who understand and desire to live in an agricultural environment.
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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 | $156,000 | $156,000 | $156,000 |
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 | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,038 | $1,037 | $1,316 |
Total Monthly Payment | $1,113 | $1,112 | $1,391 |
* 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.