This 0. 76 acre high and dry parcel is in a fast-growing area of College Drive & Balboa near Middleburg, Fl & only minutes from Orange Park & Jacksonville. Great develop or buy-hold land for potential commercial or possible high-density residential use in this highly visible/highly accessible thoroughfare. Traffic counts are very good. Adjoining property is Zoned BA (Neighborhood Business). With zoning change, the property could be used for apartments, townhouses, new medical offices, general offices, church, school, fast food, convenience stores, financial institutions, animal clinics, veterinary hospitals, drugstores, and grocery stores. With zoning changes or variances, other use possibilities could include senior living, multi-family, self-storage, retail and numerous other commercial uses like are nearby. There are other adjoining lots that could possibly be purchased to increase the amount of land to develop to over 4. 06 acres.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $308,720 | $308,720 | $308,720 |
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 | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,054 | $2,052 | $2,603 |
Total Monthly Payment | $2,129 | $2,127 | $2,678 |
* 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.