This ready-to-build property boasts a vast expanse of vacant land, measuring over 1. 65 acres, alongside a wide canal that ensures privacy from rear neighbors. The waterfront is stunning, with the canal providing a serene backdrop for the substantial acreage. Situated in the remarkable community of Wedgefield, also known as Rocket City or Cape Orlando, this location is celebrated for its proximity to the Kennedy Space Center and offers a vantage point for rocket launches. The lot spans 1. 65 acres, presenting an ideal opportunity to construct your dream home. According to Orange County and HOA Restrictions, all properties west of Dallas Blvd and between Reynolds and Starry St must feature homes with a minimum of 2200 square feet under air conditioning. The Wedgefield area affords convenient access to Interstate 528, facilitating travel to the Orlando airport, I95, 417, and downtown Orlando. Beaches lie approximately 40 miles to the east, while Orlando's vibrant array of activities and theme parks are situated to the west. The location is also advantageous for its proximity to UCF, the Lake Nona Medical Center, and a wealth of entertainment options including sports venues, restaurants, and more. Within Wedgefield itself, residents can enjoy new schools, recreational facilities, a country club, parks, horse trails, and additional amenities. We collaborate with several builders to help you select the perfect homesite, home plan, and builder tailored to your preferences. The Hal Scott Regional Preserve and Park is an expansive 9, 515-acre nature preserve located along the Econlockhatchee River banks in eastern Orange County. Managed by both the St. Johns River Water Management District and Orange County Parks & Recreation, it offers a variety of recreational activities such as camping, hiking, horseback riding, mountain biking, fishing, and wildlife viewing. All information regarding this property has been provided courtesy of Wikipedia. Prospective buyers are responsible for conducting their own due diligence.
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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 | $112,000 | $112,000 | $112,000 |
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 | $774 | $755 | $953 |
Total Monthly Payment | $849 | $830 | $1,028 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.