Pre-Construction. To be built. Welcome to this property that has flexibility. Owner purchased and had the property zoned RL3. There is an older home on the property and owner intended to build brand new homes around the home. The main home was built in 1959 and there is a 2nd home that could make an excellent mother-in-law home. This is an awesome opportunity for developers as the current owner already got the property rezone for more single family home construction. The property has flexibility however is it could easily be rezoned for commercial or apartments. Lots of opportunity to make money on this great piece of land.
5105 Lunn ROAD, Lakeland, FL, 33811
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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