"RARE FIND" IN ORLANDO'S HEATHROW-LAKE MARY - 1. 12 ACRE "PAD READY" SINGLE FAMILY BUILDING LOT IN A PRIVATE GATED COMPOUND WITH an adjacent 1 acre lot also available. Here's a chance for someone to build 2 luxury homes side by side. Secured by a high Privacy Wall & touch code Entry Gate, this oversized building lot is "Pad Ready" and the perfect size to accommodate any Contemporary Design & Style with no neighbors on-top of you. THERE IS "NO HOA OR FORMAL ASSOCIATION" to tell you what to do! Basic CCR's (Covenants, Conditions & Restrictions) exist for the continuity of the subdivision and shared cost of minor maintenance of the common grounds and security wall & gate. New Buyer's will be required to adopt & record acceptance in Seminole County public records. Convenient access to Top-Rated Seminole County schools, Dining, Shopping, Seminole Wekiva Nature Trail (walk, bike or jog). Just minutes to I-4, Hwy 429, Turnpike and easy access to Downtown Orlando and Sanford International Airport. Demand for New Homes in Heathrow-Lake Mary is high and this offering will allow you to custom build "YOUR" perfect home on a PAD READY 1+ACRE LOT IN THE HEATHROW-LAKE MARY AREA!
Note: Lots 1459 and 1455 must be purchased together and price is firm!
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William Raveis Real Estate
Phone: 888.699.8876
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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 | $360,000 | $360,000 | $360,000 |
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 | $2,425 | $2,393 | $3,036 |
Total Monthly Payment | $2,500 | $2,468 | $3,111 |
* 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.