NEW PRICE!! ZONED R-2, the lot is . 23 ACRES, and measures ~112' x 91'. This address presents a PRIME OPPORTUNITY for redevelopment too. Whether you envision expanding, building a new dream home or constructing a two-unit townhouse or duplex, the POSSIBILITIES ARE ENDLESS!
The following are criteria for lot usage: The property can be redeveloped at maximum per R-2, a duplex or 2 unit Towhome that yields 2, 537 sf total for each unit. Figure 450 sf for a two car garage. OR a new single family house that allows up to a 5, 582 sf house inclusive of living area and garage. Consult with your builder or the City of Winter Park to explore the full scope of possibilities. VIBRANT NEIGHBORHOOD surroundings and just minutes away from Park Ave, Winter Park Village, and the anticipated Seven Oaks Park (literally around the corner). You can also experience at your fingertips…The Azalea Lane tennis center, Mead Botanical Garden, numerous restaurants, shopping, Rollins College, and multiple medical complexes.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$640,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $512,000 | $512,000 | $512,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.286% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,493 | $3,403 | $4,321 |
Total Monthly Payment | $3,585 | $3,495 | $4,413 |
* 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.