Prime Development Opportunity in Mount Dora! Discover a rare opportunity off Wolf Branch Road in Mount Dora, just moments from US441, where this expansive 1. 24-acre lot awaits your vision. Zoned for both single-family and manufactured homes, this versatile property offers endless possibilities for development. With the potential to be subdivided into four buildable lots or combined into one expansive estate, this property presents an ideal investment for savvy buyers. There's no time limit to build, allowing you the flexibility to purchase now and plan for the future in this highly sought-after area of Mount Dora. Properties with such development potential and no HOA or deed restrictions are increasingly scarce in this market. Adding to its appeal, the county permits the construction of a tiny home on this lot, catering to a range of living preferences and lifestyles. Located adjacent to The Country Club of Mount Dora and the Advent Health Medical Plaza on US441, this property enjoys a convenient proximity to amenities while maintaining a tranquil residential setting. Enjoy easy access to US441 and the vibrant cultural scene of downtown Mount Dora, renowned for its festivals and community events. For those who appreciate antiquing and bargain hunting, Renniger’s Flea Market and Antique Center are just minutes away. Venture further and find yourself within a short drive to either the Gulf Coast or the Atlantic Ocean, offering endless opportunities for weekend getaways or day trips. Disney and Orlando are also easily accessible, making this location ideal for both relaxation and convenience. Buyers are encouraged to contact zoning and planning authorities for specific building requirements, ensuring your vision aligns seamlessly with local regulations. Don’t miss out on this exceptional chance to create your dream property or investment portfolio in Mount Dora. Schedule your showing today and explore the endless potential awaiting at this prime development site. All information deemed reliable but must be verified by buyers.
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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 | $100,000 | $100,000 | $100,000 |
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 | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $665 | $665 | $843 |
Total Monthly Payment | $740 | $740 | $918 |
* 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.