This vacant, ready to build property has Gulf access. Be in Estero Bay within 10 minutes. The boat lift needs electrical power reconnected. A custom, high wind rated cover for keeping the sun and rain off your boat will be provided in the sale. The canal side finished concrete pad affords extra space for embarking/disembarking, boating supplies and patio table and chairs. Watch the manatees and/or dolphins when they swim in from the gulf from your own dock. For your own convenience the dock has also been plumbed for water and electrical power. Other waterfront lots in the community do not offer a concrete finished dock. Build a new traditional home, modular home or a manufactured home on this 50 x 75 ft waterfront lot. New homes of various types are being constructed in the community on a weekly basis. The owner has house plans for a state-of-the-art highly engineered, storm resistant DELTEC home which has the approval of Spring Creek Village's architectural committee. The property has been professionally surveyed and a copy will be provided to the new owner upon request. NOTE: the lots in Spring Creek Village are not rented or leased from a corporation as in many other 55+ developments in Florida. You own your lot. No lot rent or lease payment subject to frequent increase. Spring Creek Village is a remarkable 55+ community with friendly people and lots of activities and amenities such as pickleball, tennis, bocce ball, basketball, shuffleboard, swimming pool/hot tub and a beautiful clubhouse where residents enjoy games such as bingo, dominos and cards. Resident potluck suppers, dances with live music, holiday parties, an annual fish fry, Christmas golf cart and kayak parades are just some of the events held throughout the year. All common areas are owned by Spring Creek Village Amenities Corporation, resident owned and operated. Amenities certificate of ownership in the corporation is included in the sale. The quarterly maintenance fee is $290. 00, very reasonable for so much to offer. Come and relax at the covered pavilion at Sunset Park at Spring Lake watching glorious sunsets. When out of town don't worry about your boat, store it in the storage yard located and operated in and by the community, most inexpensively, compared to other options nearby. A private - for residents only - boat ramp, fish cleaning station and water for washing off your boat are also provided. There is so much more to this great community and the location that can't be matched in Southwest Florida. Spring Creek Village is in a quiet undistrubed area but only minutes away from premier health care services, shopping, dining and exceptional boating and fishing. TRULY A HIDDEN GEM!
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $167,920 | $167,920 | $167,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,117 | $1,103 | $1,416 |
Total Monthly Payment | $1,192 | $1,178 | $1,491 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.