23 acres of land recently appraised by our bank at $9. 2M, so this is priced to move fast! in one of the most highly desirable areas in all of Central Florida. Right off of Highway 46, blocks from I4, here's an offer for 23 acres of contiguous land located between three high-end neighborhoods and very nice commercial properties. Currently zoned for 544 residential units and 100's of thousands of commercial SF, but can probably be rezoned for much more. Has several encumbrances. We have some public records/Due Diligence done, link to all the documents, including appraisal, is at end of these remarks. One scenario is a developer or environmental company that needs wetlands for relocating species needed to be moved promptly. Or, get your attorneys and engineers ready for the entitlement process and rezoning and make 30x on your money. Super low cost for this parcel, priced to sell quickly. Can connect you with the civil engineer that did the adjacent neighborhoods. Listing agent is owner, and small developer/GC, call for more information. Link to DD: https: //drive. google. com/drive/folders/13blydAke-jql1yjULxA39GarhilkbYWQ?usp=sharing
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $239,200 | $239,200 | $239,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,612 | $1,590 | $2,017 |
Total Monthly Payment | $1,687 | $1,665 | $2,092 |
* 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.