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Under contract-accepting backup offers. Uncover the Jewel of Elam Road - Your Premier Townhome/Mixed Use Development Opportunity! Welcome to 30737 Elam Road, where a spectacular 10-acre canvas awaits the visionary developer and home builder! Nestled in the heart of the Community Hub Spa Zone in the thriving Connected City, this parcel is not just land; it's the gateway to your next success story. Seize the opportunity to redefine luxury living and urban convenience on this fantastic canvas. Imagine crafting a masterpiece that resonates with the pulse of progress – strategically rezone for higher density and watch as your vision springs to life. This prime location is a heartbeat away from the bustling Epperson Ranch, Mirada, and Watergrass developments, making it the epicenter of growth and vitality. King Lake, poised to evolve just a block away with a harmonious blend of homes and offices, sets the stage for a vibrant, interconnected community. Strategically positioned near the Interstate ramp at I-75, accessibility meets desirability, promising a seamless blend of urban convenience and suburban tranquility. The proximity to the county recreation center ensures your future residents will have their own haven of leisure and entertainment just moments away. It is also within 1mile of the newly announced Johns Hopkins All Children's Hospital. Step into the embrace of nature with a conservation area adorned by majestic oak trees, providing the perfect backdrop for sustainable development and a touch of rustic charm. With large oaks dotting the landscape, the ambiance of the property is one of natural elegance, creating a serene haven for future residents. Approximately 8 acres of this sprawling 10-acre gem are ready to be transformed into a haven of townhome/mixed use excellence. Whether you envision a modern enclave or a charming community nestled within nature's embrace, the possibilities are as vast as the land itself. For those with a keen eye for expansion, seize the opportunity to explore contiguous parcels, allowing for a grand 30+acre canvas to paint your vision of the future. The potential for a seamless transition from vision to reality is unprecedented. However, let's not just talk about the acreage – let the figures speak for themselves. Buyers and buyers' agents, rest assured, as we provide transparent information. While approximately 8 acres are marked for development, the potential for density and the usable acreage is a matter that should be explored with the guidance of your own engineering firms. Your vision deserves nothing less than the most accurate and reliable information. Unleash your creativity, unlock the potential, and make your mark on Elam Road. This is more than just a piece of land; it's an investment in a future where innovation, nature, and community converge. Secure your piece of the Connected City today, and let the legacy of 30737 Elam Road begin! 40 additional acres next door are also available. All sheds/carports/storage will be removed from the property after closing (5 months post closing move out requested). Sold as is. Buyers/Buyers agents-do not rely on any representations of acreage size, usable acreage or density estimates from listing agent or sellers. Contact an engineer for your own due diligence. Seller is removing shed, barn, carports, lights and ceiling fans.
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Our Executive Mortgage Banker:
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$2,500,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,000,000 | $2,000,000 | $2,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 6.258% | 6.201% |
Monthly Tax Payment | $466 | $466 | $466 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,152 | $12,152 | $16,877 |
Total Monthly Payment | $12,743 | $12,743 | $17,468 |
* 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.