Location! Location! Location! The lot is ready to be built with your dream home with water, duke energy, sewer ready which saves you millions of dollars! Also seller already built three $7million-$11M dollars homes next to the lot.
This lot boasts exceptional visibility and easy accessibility. Within a mile or so, you'll find the new Publix Loughman Crossing Plaza, adding to the convenience and foot traffic in the vicinity. High Growth Area: The property is strategically located in a high-growth area, with numerous residential developments in progress. Approximately 350 apartments are within half a mile from this parcel, and an additional 550 apartments are in the planning stages by Providence. This thriving residential community offers a built-in customer base, ensuring a steady flow of potential clients to your practice. Opportunity Knocks: With a population of around 45, 396 within a five-mile radius, and a staggering 27, 000 vehicles traveling on Ronald Reagan Blvd each day, the demand for medical and dental services is evident. Davenport's rapid expansion and lack of adequate medical facilities create an ideal environment for professionals looking to make a significant impact. Answering the Need: The growing community of Davenport is actively seeking essential services like veterinarians and dentists. This is your chance to not only fulfill a critical need but also to establish your practice as a trusted healthcare provider in this flourishing area. Don't miss out on the chance to be part of Davenport's growth story. Make your mark in a dynamic community and build your legacy today.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,499,000
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 | $1,199,200 | $1,199,200 | $1,199,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.371% | 6.348% | 6.201% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,286 | $7,384 | $10,120 |
Total Monthly Payment | $7,411 | $7,509 | $10,245 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.