Welcome to an exceptional investment opportunity! This vacant lot, located just north of Deland and a mere 4 miles away from Stetson University. 5 Miles south of De Leon Springs. It’s a prime location that combines convenience and accessibility. This lot is situated just 1/2 mile from the Winn Dixie, 2. 2 miles from Walmart Super Center. 2. 4 miles from Publix, and 2. 4 miles from Lowes store. This property ensures easy access to essential amenities and a wide range of shopping options. The Deland Municipal Airport is also just 4 miles away, offering easy access for travelers. Your future residents or tenants will have easy access to everyday necessities Positioned off State Road 17, this lot benefits from a great location that provides both visibility and accessibility. Additionally, it offers seamless travel options, being approximately 9 miles away from the well-connected I-4 highway, making it an ideal spot for commuters and those seeking to explore nearby cities and attractions. This vacant lot has lots of potential. It contains two parcels/tracts, each offering unique possibilities. Parcel A spans 5. 06 acres and is currently zoned for recreational use. It features notable amenities, including a spacious 4, 056 sqft clubhouse (3, 052 sqft for business use, the rest area is a storage area) that served as the hub for the tennis club from 2014 until just before the pandemic. It has 8 tennis courts and 30 parking spaces. Parcel A has the potential to be rezoned for the construction of low-density family community homes, subject to approval from the Brandywine HOA. Parcel B spans 3. 19 acres. It is also vacant and zoned for high-density multi-family use. The flat, high, and dry terrain of this parcel makes it an ideal foundation for the construction of apartment complexes or townhomes. While all information provided is assumed to be correct, buyers are encouraged to verify the details with the zoning office in the Volusia County Office. Amidst the natural beauty of Deland, this vacant lot enjoys proximity to Stetson University, ensuring easy access to educational opportunities, cultural events, and a vibrant campus atmosphere. Deland's charming downtown district, with its eclectic mix of shops, dining establishments, and entertainment venues, is just a stone's throw away, adding to the allure of this location. Don't miss your chance to transform this vacant lot into a thriving community or a thriving multi-family development. Seize this opportunity today and unlock the full potential of this remarkable property. For further information Please see attachments. or inquiries, please contact your agent.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $799,910 | $799,910 | $799,910 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $547 | $547 | $547 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,122 | $5,188 | $7,023 |
Total Monthly Payment | $5,761 | $5,827 | $7,662 |
* 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.