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**Oversized Corner Lot in Englewood – No HOA or CDD with Natural Gas** This 0. 79-acre (34, 443 sq. ft. ) lot in unincorporated Englewood offers a prime opportunity for investors, builders, or anyone looking to create a custom home. Located in the X500 flood zone, no flood insurance is required. The property features dual access from Gillespie Street and N. Indiana Avenue and is one of the few lots in the area with natural gas availability. The seller has completed all necessary due diligence, including a tree survey, land survey, and elevation survey. Blueprints and architectural renderings for a new home are also included. With ample space, the lot has the potential to be subdivided for two or three residences or developed into a single estate. This high and dry lot sits 13 feet above sea level and has access to city water and sewer. Estimated construction costs for a new home are approximately $450, 000, allowing the buyer to select their own finishes, an option not typically available with most new builds. Conveniently located just eight minutes from the beach, walking distance to Buchan Airport, and close to shopping, golf courses, and restaurants. With no HOA restrictions, this is a rare opportunity to build without limitations. For more information, contact the listing agent today.
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Our Executive Mortgage Banker:
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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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $115,000 | $115,000 | $115,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $727 | $755 | $963 |
Total Monthly Payment | $802 | $830 | $1,038 |
* 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.