14431 Morristown Ave. Port Charlotte, FL: The Gratia Group Featured Property of the Week

GG

This week we travel north from our usual Featured Florida Lot area of Cape Coral, FL to sunny Port Charlotte!  We are proud to release the Gratia Group Featured lot of the Week located in the very popular South Gulf Cove neighborhood.  Our featured property is located at 14431 Morristown Ave. Port Charlotte, FL 33981 and is currently listed for $6,500.00, a steal for South Gulf Cove.

If you are looking for the most variety in waterfront real estate in southwest Florida, then look no further than South Gulf Cove, FL.  This unique and vibrant community is located midway between Port Charlotte and Boca Grande, and comprised of 15,000 lots, 4,000 of which are directly on the water.  Over 120 man-made canals wind through this neighborhood and lead straight to Charlotte Harbor, which will take you to the Gulf of Mexico.  If you are a boating enthusiast, or simply want to find a beautiful home in a fabulous, all inclusive southwest Florida community, South Gulf Cove Lots may be just what you’re looking for.

To learn more about the Gratia Group Featured Lot of the Week or to purchase other great South Gulf Cove lots contact a member of the Gratia Group sales team at (239) 333-2221.

Lee County Home and Land Prices Jump 19%

Tight inventory in February continued to contribute to the ongoing rise in Lee County median home and home site prices according to February 2014 sales statics recently released by the Realtor Association of Greater Fort Myers and the Beach.  The number of new listings (245) in February was 11.8 percent below January, but still showed a strong month in year over year comparisons.  The median price for single-family homes in February was $185,000, a 19.4 percent increase compared with the $155,000 median price in February 2013 and an increase of 27.3 percent (or $5,050) from January.  The median price of condos increased 10.7 percent to $155,000 in February compared with February 2013.

As prices continue to rise and inventory remains tight, desirable homes are selling quickly.  It is anticipated that this will be the case through April, as seasonal visitors are making the decision to purchase, which is challenging to Cape Coral and other Lee County residents, especially first time buyers, facing higher prices, rising mortgage rates and tighter credit.

Single-family homes of all types spent a median 52 days on the market before coming under contract in February and the average home sold for 93 percent of its listing price.  In February 2013, those numbers were 57 days and 93 percent, respectively.

Thinking of purchasing property in Cape Coral, Fort Myers or elsewhere in Lee County?  Gratia Group can help!  Give us a call at (239) 333-2221 to get your property search started today!

Gratia Group Featured Home Site of the Week: 1422 Mohawk Pkwy, Cape Coral, FL

GG-Mohawk

The Gratia Group Featured Home Site of the Week is perfect for boat enthusiasts.  This beautiful lot located at 1433 Mohawk Parkway in Cape Coral, FL is located directly on a canal with Gulf of Mexico access.  Save time and money when you purchase this lot as it includes an existing seawall.  Just build your dock and bring your boat!

Listed at only $81,000, this lot is generously priced for the popular southwest area of Cape Coral.  Lots for sale in Cape Coral’s southwest region are becoming increasingly difficult to locate, so this lot is sure to sell fast.  The area is known for its family oriented feel and is located close to the public library, Cape Coral Yacht Club, shopping and nightlife.

To learn more about the Gratia Group Featured Home Site of the Week or any of of other lots for sale contact an expert member of the Gratia Group land sales team at (239) 333-2221.

Land Contract’s 101

Easy financing, makes it possible for anyone to purchase land for sale from Gratia Group.  The land sales team at Gratia Group will help you locate the perfect home lot or investment land for sale with the ideal payment, location and pricing to meet your particular needs.  Although we make the land buying process easier, there are many important things for land buyers to know, especially about a land sales contract.  Here are the definitions of some general land contract terms to help guide you through the land buying process:

PRINCIPAL:  The original amount of a debt on which interest is calculated.

Principal Payment:  sometimes called an “extra” payment; this is a payment that goes only towards reducing the loan’s principal balance.  Making payments towards the principal in addition to your regular monthly payment reduces the amount of interest paid over time.  When you make principal payments, your total loan will be paid off quicker.

Principal Balance:  The amount of the original debt that is still owed.  Not to be confused with Payoff Balance.

INTEREST:  The price paid for borrowing money. Interest is calculated as a percentage of the principal balance.

PAYOFF BALANCE:  The amount required to pay off a loan.  The payoff balance is the remaining principal balance plus any interest accrued since the last payment.  This includes accrued late fees, if there are any. The payoff balance will change daily.

GRACE PERIOD:  The window of time after your payment is due that you can still make your payment and not be charged a late fee.  For example if your payment is due on the 1st of each month, and you have a 10 day grace period, you will not be charged a late fee as long as you pay by the 10th of each month.

IMPOUNDS:  Money collected for the payment of the land that is not part of the loan.  Property taxes are an example of impounds.

While finding a good plot of land for sale is important, knowing and understanding the terms of you land sales contract is vital.  Contact a member of the Gratia Group team at (239) 333-2221 for all your land sales contract needs and land purchase requests.

 

Gratia Group Featured Lots of the Week- 2 Lots in Highly Desirable Area

Cape Coral, Florida’s expert land sales firm, Gratia Group, has released two new Featured Lots of the Week, located in the highly desirable region of SW Cape Coral.  The Cape Coral land for sale is located at 4930 Agualinda Blvd. and 5216 SW 19th Place Cape Coral, FL 33914.  The land for sale is moments from Cape Harbour, a popular shopping, dining, nightlife and resort village within the community of Cape Coral and the Gulf of Mexico and its many boating, fishing and water sports opportunities.

Being sold separately, both of the Featured Lots of the Week are ready to build.  Close to neighborhood schools and parks and surrounded by beautiful pool and Gulf access homes, these gorgeous lots will make a great addition to an investment portfolio or  beautiful lot to build a home.

There is very little vacant land, especially vacant land for sale, left in this region and prices are quickly rising.  To contact a member of the Gratia Group Sales Team in regards to either property call (239) 333-2221.