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Unique Investment property and development opportunity. This property is zoned Two-Family Conservation (TFC-2) and is in the Medium Density Residential land use category which is intended to accommodate areas with a mix of single-family, duplex and town homes residential development at a maximum density of up to 11. 6 dwelling units per gross acre. (See Zoning Verification Letter attached as supplemental documents). Rare historic home ownership opportunity. Browers-Briggs House was relocated from 11501 Dean Street when the Imperial Parkway road project was contemplated, and home is listed on the City of Bonita Springs Historic Preservation Designation List. This stunning 4 bedroom, 2 bath home was completely remodeled in 2013 with hard wood floors, tin roof, Hardie-board siding, 9 foot ceilings and ceiling details throughout, kitchen has two islands and two sinks, upgraded bathrooms, master bath has waterfall shower, sub-zero refrigerator, well system for irrigation, property is completely fenced and has front gate. There is room for a pool, guest house, RV's, work trucks, garage and trailers. Property has over $150, 000 in landscaping with automatic irrigation. No homeowner association. No HOA fees. No pet restrictions. No rental restrictions.
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Our Executive Mortgage Banker:
Our Insurance Division:
$795,000
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 | $636,000 | $636,000 | $636,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.419% | 5.668% |
| Monthly Tax Payment | $340 | $340 | $340 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,762 | $3,916 | $5,155 |
| Total Monthly Payment | $4,194 | $4,348 | $5,587 |
* 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.