PROPERTY 2 OF 2: (MLS 3507911) The property for sale consists of two contiguous lots being sold as a single unit. The zoning designation for these lots is C4-5x, indicating a specific zoning code as outlined by the local municipal or city planning department. In the context of zoning, C4-5x typically represents a mixed-use commercial zone. This zoning allows for a range of commercial and residential uses, potentially accommodating a variety of businesses, offices, shops, restaurants, and even apartments or mixed-use developments. The "5x" designation might indicate specific requirements or restrictions within the C4-5x zone, such as height limits, setbacks, or other development regulations. Prospective buyers considering this property will need to thoroughly review the local zoning code, consult with relevant authorities, and conduct due diligence to understand the permissible uses, development potential, and any limitations associated with the C4-5x zoning designation for these combined lots.
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NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,199,200 | $1,199,200 | $1,199,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $487 | $487 | $487 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,438 | $7,094 | $9,878 |
Total Monthly Payment | $7,050 | $7,706 | $10,490 |
* 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.