Located in a highly sought-after area, this remarkable lot offers an exceptional opportunity for those looking to build their dream home. Measuring an expansive 80x251 feet, this property boasts the unique advantage of paved road access from both ends, providing ease and flexibility for design and construction. The lot has been thoughtfully cleared, making it ready for immediate development, with all the potential to apply for building permits straight away.
One of the standout features of this property is its proximity to the beach, being just 15 miles away, offering the perfect blend of coastal living and convenience. Situated in a non-deed restricted area, this lot grants you the freedom to build the home you desire without the limitations often imposed by strict community regulations.
Imagine a spacious residence on the quiet side of the lot, with room for a large garage or additional structures on the opposite end. The possibilities are endless. While this lot is an investment, its prime location and unique attributes make it well worth the price, promising a lifestyle of comfort and convenience.
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Our Executive Mortgage Banker:
Our Insurance Division:
$83,000
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 | $66,400 | $66,400 | $66,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $442 | $441 | $569 |
Total Monthly Payment | $517 | $516 | $644 |
* 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.