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Investor Alert!!! 3. 35 +/- Acres For Sale in the Boating Community of South Gulf Cove. Located at the intersection of San Domingo Blvd and Calumet Blvd giving you great visibility with a high traffic count. The property has 573 feet of frontage along San Domingo Blvd giving you many possibilities for development under the Parks & Recreation Future Land Use. All utilities are in place making this a Prime Location for Development. New Home Construction has been booming over the past several years creating a huge demand for every day services. The Community offers over 14, 000 platted homesites with roughly 5, 000 existing homes and over 50 miles of navigable waterways within it's borders. Allowable Uses included but are not limited to: Recreation - Outdoors (perfect spot for a pickleball facility), Recreation Indoors (YMCA or something similar), Community Garden, Cemetery, Mausoleum and Telecommunications Facility. . See attachments for allowable uses. (not suitable for residential development) Bring Offers, motivated seller. . .
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Our Executive Mortgage Banker:
Our Insurance Division:
$90,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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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 | $72,000 | $72,000 | $72,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.156% | 5.396% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $409 | $431 | $574 |
| Total Monthly Payment | $484 | $506 | $649 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.