Welcome to a rare opportunity in the heart of Lake Mary - a vacant residential double lot that spans an impressive 12, 614 square feet! This is a unique chance to acquire a sizable piece of land in one of the most sought-after areas in the region. Currently zoned for residential use, this property holds significant future potential. The City's future land use plan for this area is Downtown Development District (DDD), which means that it could be an ideal location for commercial development as well. In fact, there are already several retail shops and condominiums being developed in the vicinity, including the highly anticipated Dwell at Lake Mary. But that's not all - this property also boasts an excellent location, just 0. 3 miles from the Lake Mary SunRail station. This makes it an ideal spot for commuters or those who prefer to travel by train. As with any property purchase, it's essential to do your due diligence. The buyer will be responsible for verifying all measurements, zoning regulations, and city/county requirements necessary for development. Don't miss this opportunity to own a prime piece of real estate in the heart of Lake Mary - schedule your viewing today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$189,900
William Raveis Real Estate
Phone: 888.699.8876
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $151,920 | $151,920 | $151,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.815% | 7.159% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,011 | $1,010 | $1,303 |
Total Monthly Payment | $1,086 | $1,085 | $1,378 |
* 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.