Discover an exceptional development opportunity on this 5-acre parcel of vacant land located on E. Celeste Street in the thriving city of Apopka, Florida. This property is ideal for a small builder looking to create a relaxed subdivision in a rapidly growing area. This expansive lot offers ample space to build a beautiful and cohesive community. The land is zoned to allow the construction of 12 or more single-family homes, making it a lucrative investment. To help visualize the potential of this property, the builder has provided renderings for single-family lots, available upon request. These renderings showcase the envisioned layout and design, helping you to better understand the scope and possibilities for this property. The property is situated in a peaceful area, providing a serene setting for future homeowners. Convenient access to major highways and local amenities. Close to schools, shopping centers, and recreational facilities. A short drive to downtown Apopka and surrounding cities. Don't miss out on this exceptional development opportunity in Apopka!
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William Raveis Real Estate
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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 | $279,999 | $279,999 | $279,999 |
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 | $1,886 | $1,861 | $2,361 |
Total Monthly Payment | $1,961 | $1,936 | $2,436 |
* 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.