**Unleash Your Development Dreams on This Prime 10. 58 Acre Canvas!**
Welcome to the future of townhome living, where opportunities flourish and possibilities abound! Nestled on a sprawling 10. 58 acres, this extraordinary development parcel is not just a slice of land; it's a canvas for your imagination, a palette for your vision, and a golden ticket to the next chapter in real estate success.
**Fantastic Townhome/Mixed use Development Opportunity Awaits!
With a generous expanse of 10. 58 acres, this parcel is a dream come true for the astute developer and home builder. Approximately 5. 95 acres are estimated to be usable land. Strategically positioned in the heart of the Connected City, this gem is primed and ready for transformation into a thriving townhome community. The potential to rezone opens the door to a spectacular housing project that will captivate the market and stand as a testament to your visionary prowess.
**Nature's Embrace and Strategic Location**
Surrounded by the natural beauty of a conservation area, this property boasts large pine trees for harvesting and majestic oaks that add a touch of elegance to the landscape. Approximately 5. 95 acres of the land are primed and ready for your development magic, offering a harmonious blend of nature and modern living. A perfect balance!
Strategically located, this development parcel is in close proximity to the upcoming King Lake development, as well as the expanding Mirada, Epperson Ranch, and Watergrass communities. The adjacent King Lake is gearing up for substantial development, featuring homes and offices that promise to bring a vibrant pulse to the area. Plus, with the Interstate ramp at I-75 just a stone's throw away, connectivity is seamless – making this parcel an irresistible hub for potential homeowners.
**Easy Access and Upcoming Infrastructure**
As if the location weren't already stellar, the road to success is getting a boost! The developer of King Lake, just across the street, is widening and paving the road down to Elam Road. This upcoming enhancement is a testament to the area's growth and development, ensuring smooth accessibility to your soon-to-be thriving townhome community. It is also within 1 mile of the newly announced Johns Hopkins All Children's Hospital.
**Dream Big – Contiguous Parcels for a 25-Acre Townhome/Mixed Use Haven!**
The dream doesn't end with this parcel alone. Unlock the potential of contiguous parcels, providing a golden opportunity for a large 25-acre townhome development. Potentially we can add 8641 Kenton with 14. 25/3. 47 usable with this parcel!
Expand your horizons, embrace the scale, and let your imagination soar as you sculpt an entire community that will stand as a testament to your legacy. There is also deeded access to King Lake!
Seize the moment, seize the opportunity. With the stars aligning for this incredible 10. 68-acre canvas, your next real estate triumph is just an investment away. Let's turn dreams into reality – schedule a viewing today and let the journey to your success begin! Buyers and Buyers agents are not to rely on listing estimations of property size, usable acreage or density upgrades. Perform your own due diligence with engineers.
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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 | $2,000,000 | $2,000,000 | $2,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,806 | $12,806 | $17,560 |
Total Monthly Payment | $12,931 | $12,931 | $17,685 |
* 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.