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Priced to sell “The Prairielands” retreat is 7. 5 acres parcel in eastern Charlotte Co. in the Charlotte Harbor Highlands Subdivision (CHH). This offer consists of two parcels that will permit two residential dwellings ideal for relatives or an additional home for lease. The two parcels provide a total of 1, 650 feet of road frontage on three sides of the parcel on easements established when the CHH subdivision was established in 1969. The 7. 5 acres is 330 feet deep and 990 feet long thus providing many less restrictive ways to plan, design & layout the land as needed. Access is via ½ mile road easement of marl and dirt off SR74. Power is north and east of property but nearby. Septic & well are required. The elevation is around 60 ft. There are no deed restrictions and no Homeowner Association. The property is in a natural state with no apparent attempts of development over the past several decades. The subdivision is a vast two-square-mile area of scattered small farms, ranchettes & undeveloped parcels owned by mostly out of state or town property owners. Most are country neighbors who have lived in the area for years whereas some are discovering this area as a place to live, to pioneer that is away from the bustle of SW Florida. The area next door to the7. 5 acres is the State of Florida Babcock Preserve of 73, 000 acres revealing park-like settings of mixed pine-oak systems and limited agriculture leases. To add to natural character of the area, the sunrises-sunsets are for the artist to paint…the nighttime view of the stars & the universe are undisturbed as there are no city lights nearby. The daytime skies offer interesting sights as the picturesque clouds and afternoon rain showers grow and develop and deliver boundless visual entertainment. So, to conclude, an AG district provides for the establishment and continuation of agriculture operations to include residences in low densities to accommodate those who understand & desire to live in an agriculture environment. The only limitations are prescribed by the AG zoning and local and state governments managing wildlife, fauna and flora, water management, and the natural environment.
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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** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $443 | $455 | $598 |
| Total Monthly Payment | $518 | $530 | $673 |
* 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.