The lakefront lot in Port Richey presents a unique opportunity for those looking to build their dream home. With the advantage of reduced impact fees, thanks to a previous structure on the property, the cost savings are significant. The impact fee is confirmed to be $1902. 00, which is a substantial reduction from the standard fees for new developments. This lot's location is not only scenic but also practical, offering convenient access to major roadways like the Suncoast Parkway, enhancing daily commutes. The proximity to natural attractions such as beaches and parks adds to the appeal, providing a blend of convenience and outdoor living. The absence of Homeowners Association (HOA) or Community Development District (CDD) fees further adds to the allure, allowing for greater flexibility in the design and use of the property. Prospective buyers should note the importance of verifying all information with Pasco County, ensuring compliance with local building codes and elevation requirements, which dictate that new constructions. The existing retention wall on the lakefront also adds value, potentially reducing future construction costs and complexity. This lot represents a canvas for potential homeowners to craft their ideal living space, surrounded by the natural beauty of its surroundings. Owner financing is available with $50k down
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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 | $63,840 | $63,840 | $63,840 |
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 | $436 | $424 | $547 |
Total Monthly Payment | $511 | $499 | $622 |
* 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.