Offering is for 73+/- Acres w/ an adjoining 14+/- acre parcel also available in Lake County, FL just off S US Hwy 27 and surrounded by explosive growth from The Villages newest expansion as well as other developments. The value is in the land. Located under the county's jurisdiction, property will need to be annexed into the City of Leesburg and rezoned for commercial, professional, industrial or mixed use, currently zoned AG with a FLU / Future Land Use of Regional Commercial and access a short distance from US 27 with frontage on CR 48 and CR 33 making this an ideal Central Florida address that is minutes to I-75, Florida's Turnpike and 45 minutes to Orlando or Ocala. Offering is an assemblage of 6 parcels. Lake County Alt Key #'s 1741866, 1774926, 2718421, 1774896, 2587091 & 2696681 with adjoining 290882 also available. All information is believed accurate and correct but not guaranteed or warranted and subject to change without notice. Shown by appointment - do not enter property without authorization.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $7,912,000 | $7,912,000 | $7,912,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.826% | 6.936% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $51,317 | $51,317 | $70,014 |
Total Monthly Payment | $51,442 | $51,442 | $70,139 |
* 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.