Located in the Fabulous Community of Town Estates in the Cleveland area of Punta Gorda, FL! This 1. 01 acre lot has been
CLEARED and GRADED so is ready for your new home! The 1. 01 acres is mostly fenced and already has a PRIVACY HEDGE of 125 fast growing Calusia plants planted. Seller estimates that the fence, clearing, grading and plants would cost you approximately $50, 000 in todays market! Located on a Charlotte County maintained paved road in a desirable area that has a country setting yet is close to town for fast access to shopping, dining and fun! North and southbound I-75 exits are less than 10 minutes away and the property is NOT located in a flood zone! Property is zoned RE1, so cannot be further divided. There is lots of room here for your house, toys, barn or shop!
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Our Executive Mortgage Banker:
Our Insurance Division:
$119,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $95,200 | $95,200 | $95,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $649 | $633 | $803 |
Total Monthly Payment | $724 | $708 | $878 |
* 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.