This rare and private 1. 17-acre lot on Morton Jones Rd in Gotha, Fl, adjoining Windermere, FL, offers a blank canvas to build your forever home. This vacant land is the perfect opportunity to create a custom residence tailored to your personal preferences and needs. The property provides a peaceful and private setting with a 300ft private drive to the site with north and east wooded boundaries. It lies in a rural area with Orlando amenities nearby. The best of both worlds. The flat terrain and mature trees offer a picturesque backdrop with a sense of tranquility and seclusion. If you like privacy - this is it. With no specified number of bathrooms or stories, this property allows you the flexibility to design a home to your unique preferences. Whether you envision a single-story ranch or a multi-level masterpiece, it will accommodate your vision. Located in the charming community of Gotha, the surrounding area is a mix of rural charm and modern conveniences. The property offers a quiet escape while being conveniently located near schools, shopping, dining, and entertainment options. Another great advantage of the property recently passed by the Orange County Council is to allow a second dwelling on the site if no larger than 50% of the square footage of the primary residence. These dwellings are called Accessory Dwelling Units (ADU). This dwelling can then be rented out or used for in-laws or relatives.
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Our Executive Mortgage Banker:
Our Insurance Division:
$615,000
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 | $492,000 | $492,000 | $492,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,191 | $3,150 | $4,086 |
Total Monthly Payment | $3,283 | $3,242 | $4,178 |
* 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.