LIVE LOCAL ACT PROPERTY. Attention to all developers looking for a prime buildable lot in the center of already happening
community development. **Lot Information provided on listing is intended to be marketed as both parcels combined which will result in two Legal Descriptions, Parcel ID's, and accumulated SF, Taxes and Acreage, etc. **
This 3. 65 Acre Prime development opportunity is made up of two neighboring parcels of high and dry land with the
already approved use of MU-D. (UNDER THE LIVE LOCAL ACT: can build up to 75 Units) and the proposed max allowable development is 18 dwellings. The two parcels combined have 3 access points. The Topographical and Boundary Survey HAVE BEEN COMPLETED, along with the appraisal. This Lot is ready to break ground!. . . . . These lots are less than 1 mile down the street from the Newly Built Hilton Garden Inn, and will be directly across the street from the New Apopka Town Centre which is underway. There are 5 public transit stops within . 5 miles of the property which means that under the live local act, a developer can apply for less parking and MORE units.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,215,000
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 | $972,000 | $972,000 | $972,000 |
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 | $6,549 | $6,385 | $8,601 |
Total Monthly Payment | $6,674 | $6,510 | $8,726 |
* 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.