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“Prairie Oaks” is a 68-acre parcel that is a rare offering in East Charlotte Co. . Why? This property has multiple options for development under the Charlotte Co. Agriculture zoning, which is a liberal, low-density zoning that offers a very wide range of land uses. The density is one home per ten acres. So, it is reasonable to assume that about 5-6 homes could be built upon the sixty-eight acres if that is your desire. The property in some parts is mostly forested in oaks, along with native pine and cabbage trees. The land can be farmed in multiple ways from raising livestock to a private hunting preserve or being developed for row crop production. AG buildings (pole barn or metal barn) are permitted on AG lands as a primary structure, unlike in residential areas, where a home must be built first. The Future Land Use plan supports the current zoning of Agriculture. One exceptionally good reason this property is a rare offering is the availability of electricity. Most rural properties in the area do not have electric service. The cost of providing electric service is expensive. The sixty-eight acres is 6/10ths. mile north of SR74 via a good private grass road (easement). The road is privately maintained by the owners along the road. Septic & well are required and the general elevation is around 50-60 feet above sea level. There are no deed restrictions, there is no survey nor an environmental survey for these parcels. Prospective buyers should consider obtaining a current environmental assessment of any lands to be purchased. Most of the area’s neighbors are all folks who love living here, have a good relationship with each other, and do almost anything for their community of friends. The only limitations upon the property are prescribed by the AG zoning, which permits residences, conservation, agriculture, recreation, and other uses consistent therewith. It is the purpose of the agricultural districts to provide areas for the establishment and/or continuation of agricultural operations, with residential uses being permitted only at exceptionally low densities, and to accommodate those individuals who understand and desire to live in an agricultural environment. New neighbors are discovering this area as a place to live away from the bustle of SW Florida. And lastly many do not know the fact that history flourished here as these are the same prairies of the Conquistadores, the artist Frederick Remington, cattleman Bones Mizell, & the treacherous Calusa Tribe of Ponce de Leon fame. There is plenty of natural beauty in East Charlotte County. The daytime skies offer interesting sights as the picturesque clouds grow and develop in the afternoon and deliver boundless visual entertainment. To add to the natural character of the area, the sunrises and sunsets are for the artist to paint…the nighttime view of the stars & the universe are undisturbed as there are no city lights nearby and summer showers roll across the horizon blending in with the distant pine and prairie lands. This is how most rural Floridians enjoy the country life.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $680,000 | $680,000 | $680,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.121% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,968 | $4,077 | $5,738 |
| Total Monthly Payment | $4,060 | $4,169 | $5,830 |
* 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.