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2830 Laurel AVENUE, Lake Wales, FL, 33898 | $268,000
This is 19 lots being sold together as a group for a total of 4. 2 acres! There is 150' of paved road frontage on the North end along Laurel Ave. Palm Leaf Avenue and Holly St would need to be extended with new pavement to provide most of the lots with street access. The street right-of-ways have already been deeded over to Polk County which saves another 1. 4 acres of land. For sale are Lots 10-18 on Block 19, Lots 1-5 and Lots 13-17 on Block 17. Located in unincorporated Polk County Florida, so the impact fees are lower than within the city limits. Zoning is RSX which is single residential within the South East Polk Selected Area Plan. Elevation is from 130' to 140' above sea level, center of lots is a hill. May be able to make a lot of extra money if the lots are levelled and the extra sand is sold. Housing on similar lots to the North, East and West. Orange groves to the South separated by a 30 foot right of way. Lots are quite large, from 8700 to 11, 000 sf each. May be possible to change route of road and get several more lots at a smaller size. Using the lots in their current platted position should eliminate any need for a retention pond on site. There are existing fire hydrants within 400' of the edge of the lots. Lot facing Laurel Ave did have a mobile home that has been removed and the impact fees would be reduced for a new house on that lot and the water hookup is present but not the meter. Septic system still appears to be intact on the lot. All of these new homes could face each other and create a whole section that is brand new and very private, especially if you choose to retain some of the taller trees! Front of lot is cleared at Laurel Ave and most of the rest is forested with many Oaks and a few other trees. Stakes with tie tape can be seen at the lot corners along Laurel Ave but no markers have been put up at the end of Holly St yet. Buyer is responsible to confirm all details with local governing bodies for development of the property.
Features
- Lot Size: 75 x 150
- Lot Desc: In County, Unincorporated
- MLS#: T3531750
- Days on Market: 150 days
- Website: https://www.raveis.com
/prop/T3531750/2830laurelavenue_lakewales_fl?source=qrflyer
Listing courtesy of HOMECOIN.COM Phone: 888-400-2513
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
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2830 Laurel AVENUE, Lake Wales, FL, 33898
$268,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $214,400 | $214,400 | $214,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,426 | $1,408 | $1,808 |
| Total Monthly Payment | $1,501 | $1,483 | $1,883 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388