Lot 47 - You drive through the gates after admiring the beautiful flower and tree lined entry and two fountains; you are now facing an even more magnificent fountain in front of the clubhouse. As you turn and head to your slice of paradise, once again you cannot believe how beautiful this road is lined with Royal Palms. . . You continue to your piece of paradise, you have decided to leave the property in its current undeveloped state for this first stay of yours. You want to look at everything others have done, and come up with your own design that works for you. Do you want a casita? A tiki? both? You are living in the space designing your version of paradise. . . . A little water feature. . . lush tropical landscaping, pavers. . . . your canvas awaits for your creation. This property is a prime location, only a short walk to one the satellite pools and spas and bath house, a little bit further and you are at the dog park! Naples Motorcoach Resort is a Class A only resort and boasts a beautiful infinity pool, hot spa, exercise room, men's and ladies saunas as well as a kitchen that owners can use. There are also two satellite pools with a hot spa, their own rest rooms and a laundry room. We can't forget your furry best friend, the resort even has a dog park! Special note to investors, looking for a place to invest or reinvest as a 1031 exchange? Look no further, own this piece of paradise and put it into the management run rental program. The rental program administration advertises, schedules renters, collects payment including applicable taxes/fees and sends you your portion. These deeded lots are mortgage eligible and great for a quick close.
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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 | $232,000 | $232,000 | $232,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,544 | $1,542 | $1,989 |
Total Monthly Payment | $1,619 | $1,617 | $2,064 |
* 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.