GREAT LOCATION! Desirable corner location off of Richardson Road AND Lakewood Ranch Blvd. ! 6440 Richardson Road AND 2190 Lakewood Ranch Blvd. are being sold together to total 1. 23 acres. Also listed as vacant land and valued for land and location. Over an acre of useful adjacent parcels (0214150008 & 0214150006) just east of I75 with almost 200 feet of frontage off 6440 Richardson Road and another 300+ feet of frontage on 2190 Lakewood Ranch Blvd. This prime location connects the growing area of Lakewood Ranch into nearby Sarasota. Surrounding these parcels are new apartments and the building continues to expand. Near shopping, restaurants and more! Notes with the county and a preliminary sketch of potential usage available upon request. There are two houses on these parcels. The value is in the land and location. *Tenant in place at 6440 Richardson Road. Showings by appointment only with a minimum of 24-hour notice. Please do not disturb the tenant. *
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William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,136,000 | $1,136,000 | $1,136,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.877% | 7.014% | 7.041% |
Monthly Tax Payment | $221 | $221 | $221 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,750 | $7,463 | $10,131 |
Total Monthly Payment | $8,096 | $7,809 | $10,477 |
* 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.