Located at 1175 Little Ct in beautiful Englewood, Florida, this once-beloved vacation cottage is ready for a transformation! Gutted to the studs following Hurricane Helene and Hurricane Milton, this home offers a blank canvas for savvy investors or those looking to create their dream beach escape. With endless potential, this property is perfect for buyers looking to customize a coastal retreat or build a profitable vacation rental. The original design featured a spacious, light-filled layout with two bedrooms (a master with a king-sized bed and a second bedroom with twin beds), a large screened front patio/lanai perfect for dining al fresco, and a charming private outdoor shower – ideal for rinsing off after returning from the beach, just a short 2-block stroll away! Set in a prime location, this home is within walking distance of local restaurants, shops, and evening entertainment. Imagine the ease of not needing a car to enjoy Englewood’s vibrant social scene! From the driveway, you can still experience breathtaking Florida sunsets, a cherished feature of this property. Manasota Key is a hidden gem, offering two state parks, two public beaches, and scenic drives under tree canopies. Whether you're looking to restore the home to its former charm or explore development opportunities, this property is full of possibilities. Bring your vision and unlock the potential of this coastal property!
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William Raveis Real Estate
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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 | $340,000 | $340,000 | $340,000 |
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 | $574 | $574 | $574 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,262 | $2,260 | $2,915 |
Total Monthly Payment | $2,911 | $2,909 | $3,564 |
* 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.