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"Lakefront Lot on Beautiful 41 Acre Lake Suzy– last remaining lot on Doug Drive. ” This resiential lakefront lot in Lake Suzy Patio homes is the only remaining and buildable waterfront lot for sale on Doug Drive. Lake Suzy is a deed-restricted community that features custom-built homes with many situated on a 42 acre freshwater lake. The property permits one single-family dwelling unit/home, and the site is ready for a new home. Most importantly, this lot is in DeSoto County, where taxation is less expensive than surrounding Charlotte, Lee, and Sarasota Counties. DeSoto County water is available; septic is required. Matter of fact, real estate taxes are $350/yr, and the association fee is $230/month. Oh, DeSoto Co. has established special setback rules to allow for a large home footprint of about 3000 more or less square feet. Details are in an attachment. Ask your broker for this information. This is an affordable waterfront paradise convenient to all surrounding communities and all locations south and north on the Interstate. Centrally located to Port Charlotte, Punta Gorda, Englewood, and the DeSoto County seat in Arcadia. Lake Suzy is about one mile to I-75, Exit #170, and an easy 45 minute drive to the Gulf of Mexico…and a short few minutes’ drive to dining, shopping, golf, medical doctors, and two well-established hospitals. The owner has retired and owned this lakefront property for about 10 years, and their plans have changed as their homes are now in Lee County and in North Carolina. Since the plans have changed…they need to sell now.
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Our Executive Mortgage Banker:
Our Insurance Division:
$45,900
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 | $36,720 | $36,720 | $36,720 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.168% | 5.561% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $211 | $220 | $295 |
| Total Monthly Payment | $286 | $295 | $370 |
* 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.