BURNT STORE LAKES DOUBLE LOT - Build your dream, Florida home here on an oversized, double lot comprised of over 1/2 an acre on a quiet street in the growing, deed-restricted neighborhood of Burnt Store Lakes. Perfect as an investment with your new custom-built home - build on one lot & save the other lot as an investment. OR build a sprawling new home that is situated on both lots. Large greenbelt behind the lots provides lots of privacy. Enjoy the park-like setting of Burnt Store Lakes. Watch out your backdoor for cranes, egrets & even the occasional bald eagle. Community is ideally located between Punta Gorda to the north & Cape Coral/Ft Myers to the south along the Burnt Store Rd corridor. Serene setting is perfect for your custom home. Property offers county water & sewer. Community amenities include a park w/"old Florida" style pavilions, picnic table & playground plus a kayak/canoe launch on Bear Branch creek. Take advantage of all that the area has to offer. Burnt Store Marina is minutes away w/access to restaurants, golf & a 500-slip marina. Claim your spot in paradise.
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Our Executive Mortgage Banker:
Our Insurance Division:
$109,900
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 | $87,920 | $87,920 | $87,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.171% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $600 | $584 | $754 |
Total Monthly Payment | $675 | $659 | $829 |
* 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.