Take Notice of this 10. 38± acre development opportunity - designated for Multi-Family Medium Density Residential use- offers a conceptual site plan envisioning 30 TOWNHOMES! Develop our conceptual site plan or create your own to maximize your return! Densities up to, and including, 10. 00 DU/AC. The Residential-Medium classification is characterized by single-family dwelling units, duplex units, and multi-family units. Sale includes ID#28-28-15-935360-000005 & #28-28-15-935360-000006. Close by you'll find convenient amenities, including Dollar General and Poinciana Community Park. Just a few miles away, you’ll have access to HCA Florida Poinciana Hospital, Walmart, Aldi's, Publix, and a multitude of restaurants! Notably, a new shopping center, Poinciana Lakes Plaza, is under development, with plans for approximately 240, 000 square feet of commercial retail space and two large shopping centers, along with six outparcel buildings, with a completion date estimated in 2024. This parcel is strategically positioned in a rapidly growing area with approximately 30± miles from the bustling Downtown Orlando, and an estimated 20± miles from the globally renowned Disney World. Don't miss this golden opportunity to address the increasing housing demands of Poinciana's fast-growing population.
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Our Executive Mortgage Banker:
Our Insurance Division:
$449,900
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 | $359,920 | $359,920 | $359,920 |
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 | $2,486 | $2,425 | $3,062 |
Total Monthly Payment | $2,561 | $2,500 | $3,137 |
* 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.