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Presented by
Victoria Williams |
Cape Coral vacant land located. The land is located right in the middle of all the residential homes. Neighbors around with single homes built.
The vacant land is close to Pine Island Rd. Easy access to shopping area.
The land is zoned Commercial. called Opportunity Zone for low-income Community. Feel free to get in touch with the City of Cape Coral Land planner and development division if you have questions regarding the zoning. Buyer is responsible to do your own due diligence.
The seller is a foreign owner of a Florida LLC. The LLC is not capable of accepting closing funds. Closing will need involve with CPA assistance to accept funds and file FIRPTA. If buyer closing agent has CPA to work with, seller is willing to cooperate. If buyer closing agency cannot work with a CPA, it will need to use the seller selected closing agency.
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Our Executive Mortgage Banker:
Our Insurance Division:
$55,000
Sales Associate
William Raveis Real Estate
Phone: 860.336.1067
Victoria.Williams@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.463.1745
Russell.Baboff@raveis.com
NMLS Mortgage Loan Originator ID 1014636
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $44,000 | $44,000 | $44,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.137% | 6.132% | 5.396% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $246 | $264 | $351 |
| Total Monthly Payment | $321 | $339 | $426 |
* 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.