Spacious Vacant Lot in Close Proximity to Canal Homes! Explore the potential of this generous vacant lot, ideally situated in the Port Charlotte area, close to picturesque canal homes. This property offers: Prime Location: While not directly on the canal, this lot is strategically located in close proximity to charming canal-side residences, providing a similar ambiance and appeal. Abundant Space that gives you the flexibility to design and build the perfect home to suit your preferences and lifestyle. Architectural Freedom with the absence of an existing structure allows you the freedom to collaborate with your chosen architect and builder to create a home that meets your unique needs. Investment Potential: In addition to being a fantastic location for your new home, this lot holds significant investment potential due to its proximity to the canal-side community. This vacant lot presents a unique opportunity to enjoy the allure of canal-side living without the waterfront price tag. Take the first step toward realizing your dream home in this highly desirable community. Don't delay, as properties like this one are in high demand and won't last long! Great building lot next to nice home.
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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 | $19,120 | $19,120 | $19,120 |
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 | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $132 | $127 | $161 |
Total Monthly Payment | $207 | $202 | $236 |
* 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.