FOR SALE: 2-PARCEL NUMBERS 741900000110 AND 741913090010 BOTH INCLUDED IN SALE, PLEASE SEE ATTACHMENTS IN DOCUMENTS TO SEE PLOT PLANS, ELEVATIONS AND FLOOR PLANS, ABOUT A (5) ACRE PIECE OF PROPERTY ALL APPROVED FOR 31 TOWNHOMES LOCATED IN THE HEART OF NEW SMYRNA BEACH, CLOSE TO HIGHWAY 44 IN A HIGHLY DESIRABLE AREA, JUST A FEW MINUTES TO THE BEACH.
EACH UNIT HAS 3 BEDROOMS AND 2 1/2 BATHROOMS WITH A TWO-CAR GARAGE, THE TOTAL SQUARE FOOTAGE FOR EACH UNIT, INCLUDING THE GARAGE IS APPROXIMATELY 2200 SQ FOOT.
THIS PROJECT IS PERFECT FOR SMALL TO MIDSIZE BUILDERS. IT IS SHOVEL READY, ALL THAT MUST BE DONE IS TO INSTALL THE INFRASTRUCTURE, AND BUILD.
FOR SOMEONE THAT IS SERIOUS, THERE IS THE POSSIBILITY OF A JOINT VENTURE.
IN THE ADVERTISEMENT, YOU WILL SEE THE FRONT AND SIDE ELEVATIONS, FIRST AND SECOND FLOOR PLANS, AND THE PLOT PLAN, FOR THE TOWNHOMES.
IF IT IS YOUR DESIRE, YOU MAY CHANGE THE FLOOR PLAN AND ELEVATION, BUT THE WIDTH OF THE UNITS MUST STAY THE SAME, THE LAYOUT CAN BE DIFFERENT.
THE LAND PRICE IS $1, 209000. 00 WHICH EQUATES TO $39, 000 PER UNIT. THERE WILL BE AN ASSOCIATION FEE, THE INFORMATION IN UNKNOWN AT THIS TIME, ALL THE INFORMATION IS APPROXIMATED AND IS TO BE VERIFIED BY THE BUYER. LOCATION ON MAP IS INCORRECT.
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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 | $967,200 | $967,200 | $967,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,113 | $6,193 | $8,425 |
Total Monthly Payment | $6,238 | $6,318 | $8,550 |
* 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.