Great Opportunity To Purchase A Vacant Lot Zoned Agricultural (AG3) in Deland. This lot is almost an Acre so perfect for grazing area if you have County approved livestock that need to roam during the day. Not in subdivision so no HOA. Zoned Transitional Agriculture that allows smaller farms to exist around residential areas. See VC Zoning. In AG3 Zoning County does allow single family homes and manufactured homes (Minimum 1000 HSF) to be built IF lot is 1 Acre. This lot just under so it is very possible the County may approve a variance that would allow a single family or manufactured home to be built on a slightly smaller lot. A bit off the grid yet close to Stetson University, great restaurants and shopping right around the corner in downtown Deland. Literally right up the road from Deland Sunrail Station. Tons of different options for this amazing lot. Sign located on Lakeview off Old New York. This road leads to back end of W. Beresford where lot located in clearing just past home on right. All vehicles and other debris will be removed prior to closing. Take a drive by and check it out.
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William Raveis Mortgage, LLC
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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 | $39,920 | $39,920 | $39,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $266 | $265 | $337 |
Total Monthly Payment | $341 | $340 | $412 |
* 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.