What a rare opportunity to find nearly TWO ACRES with the time, money, and resources already put into planning the development aspect of this land- the seller has done all the heavy lifting on this one. Best part: It's within walking distance to the city's best park: OVIEDO ON THE PARK!! This property is currently zoned for single family, duplex, or townhouses. The sellers have had land cleared, surveyed, gravel laid, environmental studies completed, and the architect has drawn up plans to complete this project. NO HOA! This property is steps away from your favorite restaurants, bars, businesses, and live entertainment! You are close to a dog park, playground, splash pad, and everything Oviedo has to offer! Your backyard will be a view of nature, trees, and tranquility! You will be minutes away from a golf course and other area attractions. This property is located in the most desired area of Oviedo, which has been voted as one of the Best Places to Live in Florida for many years. You can enjoy walking to the parades, festivals, concerts, and so much more that the City has to offer in Oviedo on the Park!
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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 | $687,999 | $687,999 | $687,999 |
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 | $4,349 | $4,405 | $5,993 |
Total Monthly Payment | $4,441 | $4,497 | $6,085 |
* 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.