Under contract-accepting backup offers. Are you searching for the ideal location to build your dream home or investment property? Look no further! This exceptional corner lot on Pine Island, located just off the bustling Stringfellow Road, presents a unique opportunity for savvy buyers. The generous and versatile lot offers a prime corner position with easily accessible utilities, surrounded by lush, tropical scenery and a serene atmosphere. Nestled in a close-knit neighborhood with a mix of residential and vacation homes, this property is just minutes from local shops, restaurants, marinas, and recreational activities. Enjoy the perfect blend of tranquility and accessibility, with ample space to accommodate your vision and potential for future growth and development. For those interested in expanding their investment, the adjacent lot at 5791 Tarpon Road is also available (MLS# 224060424). Combine both properties to maximize your potential! This lot can be bought together with 6 other owner's lots as a package deal, 7 lots total!!!Don’t miss this chance to own a piece of Pine Island paradise. Contact us today to schedule a viewing or to get more information about this fantastic opportunity!
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Our Executive Mortgage Banker:
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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 | $30,400 | $30,400 | $30,400 |
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 | $202 | $202 | $256 |
Total Monthly Payment | $277 | $277 | $331 |
* 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.