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This vacant land in College Terrace, North Port, FL offers a unique opportunity for buyers to build their dream home in a desirable and established neighborhood. Built in 2003, this property is ideally situated on a spacious lot measuring 0. 26 acres. The land boasts a total finished area of 1, 195 square feet, providing ample space for potential construction of a customized home. With a home type of Land/Lot, this property offers a blank canvas for individuals looking to design and build their ideal living space. The property features zero bathrooms and zero half bathrooms, allowing for complete flexibility in the layout and design of the future home. Whether you envision a cozy one-bedroom retreat or a spacious family abode, the possibilities are endless on this expansive lot. Situated in the charming neighborhood of College Terrace, this property offers a peaceful and serene setting for homeowners to enjoy. Surrounded by mature trees and lush greenery, the lot provides a tranquil environment for relaxation and outdoor activities. The quiet streets and friendly community create a welcoming atmosphere for residents of all ages. This property is conveniently located near a variety of amenities, including schools, parks, shopping centers, and dining options. With easy access to major roadways, residents can quickly reach nearby cities and attractions for work or leisure. The prime location of College Terrace offers the perfect blend of convenience and tranquility for homeowners looking to create their ideal living space. In summary, this vacant land in College Terrace, North Port, FL presents an exceptional opportunity for buyers seeking to build a customized home. With a spacious lot size, generous finished area, and tranquil surroundings, this property offers the perfect foundation for creating a dream home tailored to your unique preferences. Don't miss out on the chance to turn this blank canvas into your perfect abode in a charming community.
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William Raveis Real Estate
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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 | $31,999 | $31,999 | $31,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.313% | 6.500% | 5.710% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $189 | $200 | $261 |
| Total Monthly Payment | $264 | $275 | $336 |
* 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.