L8826 Great development opportunity. This Gulf Access Canal Lot is Zoned TFC-2 for Single Family, Duplex, or Attached Villas with city approval. The previous structure was removed and there are two Active BSU water and sewer connections providing a savings up to $24, 000, and up to $17, 000 in credits towards Impact Fees when building new. This South Facing Vacant Lot is also close to a Natural Gas main supply on Imperial Shores Blvd. The sea wall appears to be in good condition and minor repairs are needed for the dock and two boat lifts. This property is located West of US-41 in the Imperial Shores area where new construction abounds and less than 1 mile to Bonta Beach, and numerous casual and fine dining establishments. Easy access to US-41, I-75, RSW Airport and only 13 miles to historic Naples 5Th Ave. South
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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 | $607,200 | $607,200 | $607,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,194 | $4,036 | $5,121 |
Total Monthly Payment | $4,286 | $4,128 | $5,213 |
* 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.