Under contract-accepting backup offers. BUILDERS/BUYERS- HERE YOU GO - LARGE $100, 000 PRICE REDUCTION TO SELL THIS PROPERTY QUICKLY - This 12, 807 SqFt lot with 80 feet of seawall located at the end of the canal with a wide boat turnaround area. BUYERS - Great Price for a Canal Front Property in the North End of Longboat Key! Whether you go by boat or take a short walk to the beach, the water is close by. This property has a 2bedroom/2bathroom split floor plan home with a living room with wood burning fireplace, Terrazzo floors, a wall of sliders that open to a lanai overlooking the peaceful saltwater canal, and there is a two-car garage with a circle driveway. The roof was new in 2018 and the AC system was new in 2020. This is a perfect little starter home, retirement home, vacation home or a builder/investor might choose this saltwater canal front property to build a much larger home. This is one of the LOWEST PRICED LOTS on Longboat Key and a GREAT VALUE! This property did have flood damage that has all been cleaned up. It will need repairs to be liveable again.
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Our Executive Mortgage Banker:
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$1,150,000
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 | $920,000 | $920,000 | $920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.876% | 6.725% |
Monthly Tax Payment | $731 | $731 | $731 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,891 | $5,967 | $8,014 |
Total Monthly Payment | $6,747 | $6,823 | $8,870 |
* 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.