Time to build that one of a kind home! This land is a rare find in a very private half acre land in North Port Estates, on Sumter Lake. The owner cleared the land, brought in approximately 70 cubic yards of fill which was tamped and leveled to build upon. Survey available, the pins are marked by a licensed surveyor, there is a silt fence around the building pad area for erosion control. The elevation of the building pad was above the flood level of Hurricane Ian which flooded many areas of North Port. This lot did not flood for the past 3 hurricanes. It is ready for a new owner to build their dream house. The view will be delightful watching the many bird species and wild life, plenty of fish and bass. Quiet and calming. But yet, close to everything, I-75 new and up coming Sarasota Memorial Hospital, close to dining, shopping, golf, North Port Water Park. So much to do in North Port. See why North Port is one of the fastest growing cities in US.
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Our Executive Mortgage Banker:
Our Insurance Division:
$109,000
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 | $87,200 | $87,200 | $87,200 |
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 | $580 | $580 | $748 |
Total Monthly Payment | $655 | $655 | $823 |
* 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.