LOCATION!! LOCATION! LOCATION!! Calling ALL Developers, Builders and Entrepreneurs. PRIME Land available for Development. 4 parcels totaling 103. 28 Acres MOL of Residential Land with approximately 42. 82 Acres buildable in the highly sought out area of Summer Bay/Clermont, Florida. Note that there are 4 parcels included in this sale and all parcel IDs are in this listing. Zoning is PUD, Planned Unit Development, flood zone is AE. Typical utilities and municipal services are available at the site. The most likely and cost-effective access of the subject would be extending Summer Bay Blvd. North throughout the subject property. The FDOT reports 48, 500 cars per day along the West Irlo-Bronson Memorial Hwy to the South. The surrounding area includes a preponderance of vacation-oriented uses, including resort style residential developments, hospitality properties, golf communities, and timeshares. The subject site is well-suited for gated, vacation-oriented residential development consisting of townhomes/and single-family homes for the purpose of short-term rentals given such proximity to a strong short term rental market, Theme Parks (just about 10 miles to Disney World, Universal Studios, SeaWorld and more) and Downtown Orlando.
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Our Executive Mortgage Banker:
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$13,100,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $10,480,000 | $10,480,000 | $10,480,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 6.989% | 6.936% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $70,606 | $68,846 | $92,739 |
Total Monthly Payment | $70,731 | $68,971 | $92,864 |
* 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.