5. 47 ACRES TO BUILD YOUR DREAM HOME OR PERFECT INVESTMENT FOR DEVELOPMENT! A great investment opportunity for developers and builders! Here is your great chance to own this land that is high and dry in Saint Cloud! If you are looking for land to build on and develop here in Osceola County, then you found the right property! The VALUE IS IN THE LAND ONLY. This property boasts five and a half acres of land, that has future zoning for low density residential development. The future use of this land will allow three to eight homes for each acre according to Osceola County Zoning. All information is deemed accurate and provided from public records. Room measurements are estimated. Do not approach the property without a licensed real estate agent as appointments are required. The letter from the county and the code is available upon request. The property is only 15 minutes to Downtown Saint Cloud, 30 minutes to the Orlando International Airport, and 1 hour to Melbourne beaches! We have a reasonable reach of the local toll roads for traveling to work or other needs as the 417 is approximately 25 minutes away off of Narcoossee Road and the Florida's Turnpike is off of hwy 192 heading west through Saint Cloud which we can reach in about 30 minutes! Don't forget Orlando's theme parks too! This location offers so much for homeowners and the developer who plans to invest in it. Now is your chance to take part of the rapidly developing East side of Saint Cloud and close to the growing Lake Nona area! Hackney Road is situated off of Narcoossee Road in an area that is surrounded with amazing nature and a peaceful setting. Buyers are to do their due diligence on the intended use and know this is for investment opportunity! Sold AS IS and the mobile home does NOT have added value and is NOT accessible for viewing. Only the land is to be viewed where accessible by appointment only. There are currently two areas of new homes being developed nearby with known home builders; one is at the end of Hackney Road and the other is at the end of Ralph Miller Road.
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Our Executive Mortgage Banker:
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $720,000 | $720,000 | $720,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $150 | $150 | $150 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,670 | $4,610 | $6,322 |
Total Monthly Payment | $4,912 | $4,852 | $6,564 |
* 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.