Hard to find SIX ACRES in desirable North Port Charlotte Estates! Good location farther East on Tropicaire closer to Toledo Blade Blvd out of recurring flood waters at Western end. Includes a 3200 sq ft concrete block shop building built in 2002 with AC and 10' high metal roll up door. Side walls are 10' high and 16' high clearance in the center. The shop is on the westerly 1. 5 acres leaving 4. 5 acres for a home and/or other structures. There is a well on the property along with 200 amp underground electric service. Asphalt chip driveway services the property from the street. Fencing with a wide gate. Exterior lighting is on the building and there is a drainage canal at the rear of the property. Located just 3 miles from the new Sarasota Memorial Acute Care Hospital at Sumter and I75. Lots of uses possible with this land from farming, horses to housing with a pool, tennis, a garden; you name it!
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Our Executive Mortgage Banker:
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$1,100,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 6.258% | 6.201% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,347 | $5,347 | $7,426 |
Total Monthly Payment | $5,472 | $5,472 | $7,551 |
* 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.