Presented byDarlene Goethie |
Exceptional opportunity awaits with this 5+ acre property in Bunnell, offering a prime location with future commercial land use. Situated on high and dry land, this parcel boasts an impressive 900+ feet of frontage on HWY 11 and is conveniently less than a mile from US1. The property features an existing single-family home, complete with an indoor, air-conditioned flex space featuring a bay door. This versatile space could easily serve as a workshop, office, hobby room, or even an in-law suite, providing flexibility to suit various needs. With the future land use as B1, this property opens the door to a myriad of commercial possibilities, making it an excellent investment. Whether you envision a live/work setup or have plans for a more extensive commercial project. The rear of the property offers practical amenities, including a 4-bay carport with an attached garage and additional storage space. Seize this rare opportunity to secure a strategically located property with immense potential for commercial development or a customized live/work space. Don't miss out on making this property your next investment venture.
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$719,000
Sales Associate
William Raveis Real Estate
Phone: 860.508.1896
Darlene.Goethie@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.305.7387
Mark.Greene@raveis.com
NMLS Mortgage Loan Originator ID 115078
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $575,200 | $575,200 | $575,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.623% |
Monthly Tax Payment | $780 | $780 | $780 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,924 | $3,823 | $4,971 |
Total Monthly Payment | $4,796 | $4,695 | $5,843 |
* 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.