LARGE PARTIALLY CLEARED HIGHWAY FRONTAGE PROPERTY WITH OVER 1148 FT OF BUSY U. S. HWY/RIDGWOOD ROAD FRONTAGE. THIS PROPERTY IS LOCATED IN A RAPIDLY GROWING COMMUNITY WITH SEVERAL HUNDRED NEW HOMES SCHEDULED TO BE BUILT. RIGHT IN FRONT OF EDGEWATER LANDING COMMUNITY AND ACROSS THE STREET FROM DOLLAR GENERAL AND LAUNCH CREDIT UNION. THIS HIGH TRAFFIC AREA HAS OVER 1148 FEET ON U. S. HWY 1/RIDGEWOOD. NEW SIDEWALKS FOR PEDESTRIAN ACCESS, PLUS A BIKE PATH. PROPERTY CLOSE TO WALGREENS, PUBLIX, WINN DIXIE, BANKS, CREDIT UNIONS, BURGER KING, CHICK-FIL-A, SEVERAL OTHER RETAIL SHOPS AND NEW ALDI GROCERY CURRENTLY UNDER CONSTRUCTION. LOCATED IN THE CITY OF EDGEWATER WITH B-3 ZONING AND FUTURE LAND USE COMMERCIAL. LOTS OF USES, SEE PERMITTED USES AS ATTACHMENT. SELLER WILL HOLD FIRST MORTGAGE WITH GENEROUS TERMS. LARGE PROPERTY TO THE NORTH ALSO FOR SALE AND SELLER WILL CONSIDER SUB-DIVIDING.
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,900
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,920 | $719,920 | $719,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.606% | 6.622% | 6.680% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,669 | $4,550 | $6,271 |
Total Monthly Payment | $4,761 | $4,642 | $6,363 |
* 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.