Commercial parcel, with opportunity of adjacent additional 4. 11 acres, located adjacent to the Lake Helen Main Street and I-4 Interchange. The property is zoned Gateway Commercial District and is located within the Lake Helen Economic Development Plan boundaries and has approximately 143+/- roadway frontage. Conveniently located to gain access and receive traffic from I-4. This location is sandwiched between Orlando and Daytona and generates Annual Average Daily Trips (AADT) of 94, 500. The property is also sandwiched between the City of DeLand and Lake Helen which are growing communities welcoming commercial projects. The Gateway Commercial District zoning provides for multitude commercial opportunities and is located at I-4 Exit 116. Just across the overpass is Victoria Park, which is a very large-planned unit community with golf course, medical center and village center with continuing growth in this area. This property is 0. 84258+/+ acres and an additional 4. 11 acres (parcels 713001780010, 713001780040, 713001780031 & 713001780030), immediately adject to this parcel, is also available increasing total acres almost 5 acres.
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William Raveis Real Estate
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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 | $132,000 | $132,000 | $132,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $878 | $877 | $1,113 |
Total Monthly Payment | $953 | $952 | $1,188 |
* 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.