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THIS MIGHT BE THE NICEST LAKEFRONT LOT FOR SALE IN LEMON BAY ISLES.
THE LOT ONCE HAD A MANUFACTURED HOME ON IT THAT WAS REMOVED AND CLEARED.
SELLER'S ARE STILL PAYING THE ENGLEWOOD WATER DISTRICT'S MONTHLY BILL SO THE NEW OWNER WILL NOT HAVE TO REPAY THE IMPACT FEE OF $14, 900.
ENJOY THE WATER VIEW FROM YOUR PRIVATE DOCK.
THE EDGEWATER CLUBHOUSE HAS A POOL, PICKEBOARD, TENNIS, SHUFFLEBOARD AND OTHER OUTDOOR FUN.
THE CLUBHOUSE ACTIVITES WILL INTRODUCE YOU TO YOUR NEIGHBORS AND ENJOY OUR QUAINT COMMUNITY.
THERE ARE DINNER DANCES, POT LUCKS, LIVE MUSIC, MOVIE NIGHTS, CARD GROUPS AND MUCH MORE.
THERE IS A $1000. BUY IN FEE AND THEN JUST $300 ANNUALLY.
YOU OWN YOUR LAND BY FEE-SIMPLE. PET FRIENDLY. GOLF CARTS ARE WELCOME.
SOLD-AS-IS, SUBJECT TO BUYER'S APPROVAL.
ALL INFORMATION IS DEEMED RELIABLE, BUT BUYER/BUYER'S AGENT SHOULD VERIFY.
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Our Executive Mortgage Banker:
Our Insurance Division:
$79,900
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 | $63,920 | $63,920 | $63,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.050% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $399 | $420 | $535 |
Total Monthly Payment | $474 | $495 | $610 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.