Attention All Builders and Investors! This lot is a multifamily lot that can fit up to 4 townhouses with 1700 sqft under air. Come and build a stunning new development in the serene Burnt Store community! Overlooking a large fresh water lake with East rear exposure to see the most beautiful sunrises. This cleared lot features city water and sewer, with no special assessment. The Community of Burnt Store Lakes is a deeded community with eleven fish-filled fresh-water lakes, spacious greenbelts, abundant wildlife, the community park features picnic tables, public restrooms and a playground, there is a canoe and kayak boat launch for residents that want to paddle through the preserve and enjoy the natural environment. HOA is self-managed Property Owners Association and only $464/year. This community is conveniently located near the Burnt Store Marina, with golf course and many restaurants overlooking the water.
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Our Executive Mortgage Banker:
Our Insurance Division:
$110,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $88,000 | $88,000 | $88,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $608 | $593 | $749 |
Total Monthly Payment | $683 | $668 | $824 |
* 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.