MONTVERDE 5 ACRE LOT in a perfect location, nestled between high-end homes on rolling hills in the highly desirable area of Bella Collina in Montverde, with privacy, a golf course view, and without pesky HOA fees! What makes it stand out? Well, two of the five acres are upland (3 are wetlands) and are just waiting for your dream home, offering a delightful view of the nearby Bella Collina golf course. It's like having your own VIP box, but for everyday living. Owner is motivated. See accompanying photos for elevation and other information. Per a town of Montverde email to the owner, this land may be built on, 1 house per 5 acre parcel. The access road is located 1100 feet in from where Fosgate Rd curves left just after the “Welcome to Montverde” sign on the right. The road needs to be cleared, a Right-of-Way permit and a variance will need to be applied for/arranged with the Town to widen it and allow vehicle access, and a permit to build from St. John's Water Management District. A few items to tackle but that's why this property is offered at such a big discount! With this acreage, you have a canvas as vast as your imagination. Whether you're envisioning a personal retreat or thinking of a little residential development, the space is yours to mold. It's a sweet spot – close enough to Lake Apopka for some outdoor adventures, yet far enough from the city bustle for your own slice of tranquility. Here's the kicker – this piece of paradise is priced to fly off the market. It's a steal for the size, location, and potential it offers. Access with caution. Thirty year lender financing available to qualified buyers. Please note: completed hold harmless agreement required to view property.
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NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $159,920 | $159,920 | $159,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.880% | 7.171% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,077 | $1,063 | $1,371 |
Total Monthly Payment | $1,152 | $1,138 | $1,446 |
* 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.