Under contract-accepting backup offers. This property is a great opportunity for general residential use for development of approx. 28± townhouses. The subject is zoned A-1 (Agricultural) for agricultural use, which permits low-density residential development. However, the Future Land Use designates the subject as MD (Medium Density), which permits townhouse development. Property currently has an address of South Orange Blossom Trail, which needs to be changed by the subject ownership upon request. This happens when the property was part of a larger parcel and needs to be readdressed. Access to the subject is provided via East 10th Street, which is an interior two-lane street in the subdivision equipped with curbs, sidewalks and gutters.
Orange Blossom Trail, Apopka, FL, 32703
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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