The subject property is in a hot area for residential development.
The subject property contains 9. 25 acres, with about 7. 3 acres of uplands. It is located on Hickory Tree Road, about 2. 2 miles south of US 441. There is about 330' frontage on the highway.
The Zoning and Future Land Use is Low Density Residential, which allows 3-8 residential units per acre.
The address is 3125 Hickory Tree Road St. Cloud, FL 34772.
Public water and sewer are adjacent to the property.
The asking price is $949, 000.
The development code for this FLU is:
Low Density Residential (LDR)
This designation is for newly developing residential areas within the Urban Infill Area of the adopted UGB.
1. This category is intended primarily for single-family residential neighborhoods, which may include detached or attached housing, with integrated neighborhood support uses such as schools, parks, and places of worship.
2. With the exception of existing development, residential density shall range from three to eight units per acre.
3. Densities can be modified through the Transfer of Development Rights as identified in the LDC.
4. Ancillary non-residential support uses shall be allowed in the LDR when integrated into a Site Development Plan.
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$949,000
William Raveis Real Estate
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $759,200 | $759,200 | $759,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,799 | $4,861 | $6,613 |
Total Monthly Payment | $4,891 | $4,953 | $6,705 |
* 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.