Under contract-accepting backup offers. Rare opportunity! 21. 21 Acres of land in a prime Sorrento location. This package of land is made up of three connected parcels all being sold together as one unit. The package features 5. 9 acres of cleared and fenced land in the front. Behind that, is 2. 5 acres of land featuring a distressed 4 Bedroom home; these 2. 5 acres are semi-cleared. The 12. 7 acres of land comprising the back end of the package is also semi-cleared and mostly fenced, it sits higher than the other parcels and has stunning views of the surrounding area. The parcels are a nature lover's paradise and includes a natural pond. The land is easily accessible, the front parcel sits directly on Oak Lane, which is a quiet paved road. There is a private road included in the package, which connects all three parcels to Oak Lane.
This land is a perfect opportunity for a variety of uses. The parcels are located directly adjacent to a fully developed residential neighborhood. This land is prime for residential development and could be perfect for a new subdivision. The parcels would also make for a excellent ranch or compound, with room for homes, horses, barns, greenhouses, additional structures and more. It is a very attractive lot and has been family owned for multiple generations. The majority of the land is cleared as it used to be a nursery. There are small pockets of trees, but primarily the parcels are made up of open space. The location and private gate provides peace of mind and a sense of security and privacy.
The package has a rural Florida feel, with nearby shopping, dining, and amenities. Experience the calmness and privacy of country living without having to give up the convenience of the city. The property is only a 5 minute drive to the 453 connector for 429 and 46, which connects the land to Apopka and Mt Dora. Publix and other shops located at Kelly Park Crossing are only 2 miles away. Interested in settling down in Sorrento or in the possibility of residential development? Call today for this rare opportunity.
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Our Executive Mortgage Banker:
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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 | $1,781,640 | $1,781,640 | $1,781,640 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,408 | $11,556 | $15,643 |
Total Monthly Payment | $11,533 | $11,681 | $15,768 |
* 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.