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3205 PICKETT ST
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$23,000 Sale
Listed 17 days ago
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Key Facts
Key facts for 3205 PICKETT ST
Property Type
Other, Residential
Parking
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MLS #
T3487719
Size
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Basement
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Listed on
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Lot size
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Tax
$319.24 /yr
Days on Market
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Year Built
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Maintenance Fee
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Description
Investor‘s package – 5 lots – INVEST NOW!! Prices went up by 64% for single family homes in Florida between January 2020 and August 2022. However lot prices in Port Charlotte, over the same period, went up by a whopping 250% to 350% (estimated) because lot prices experience a leverage effect compar...ed to house prices. Contrary to popular belief, when property prices go up it is mostly the land that increases in value as construction costs for houses only rise in line with inflation. Currently property prices, in Florida and elsewhere, are only moving sideways because of higher mortgage rates. The FED however is expected to start lowering their interest rates in 2024. The assumption is that as soon as mortgage rates go down property prices will resume their upward trend and lot prices tend to go up disproportionately. These are 5 great residential lots with ideal features in a fast developing area of Port Charlotte: no HOA fees. Good accessibility to all the amenities the city has to offer: shopping, entertainment, restaurants, and so much more.... Englewood Beach is only minutes away!! 4 of the 5 lots enjoy the benefit of a boat ramp and green space on the river with a membership of the Gulf Cove Community for only $65/year (ONLY for owners of Gulf Cove - Magic on the Myakka). All 5 lots: MLS#: T3487715, MLS#: T3487384, MLS#: T3487707, MLS#: T3487385 Now may be the ideal time to invest!!
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Listing courtesy of: ENGEL & VOLKERS FORT MYERS