Opportunity awaits you with this incredible property which may be purchased with the adjoining properties which would make up ±46. 89 acres, all zoned A-5, with an R-1 zoned neighborhood along part of the southern border and ingress/egress from both Lake Charm Dr as well as Florida Ave. ±22 acres is mostly clear, raw land with Artesian wells feeding the property; This parcel is part of Transition Area Number 1, within the City of Oviedo and Seminole County Joint Planning Area, also known as the Future Oviedo Annexation Area. To the south, the community, Retreat at Lake Charm, borders this group of parcels and features an R-1 zoning while residing within the City of Oviedo. This helps the subject property to meet one of the primary planning elements when considered for annexation into the City of Oviedo, and potential for increased density. Oviedo has shown exceptional growth and has been named as "Best Suburb to Raise a Family in the Orlando Area" by Niche. com 2020 and “50 Best Places to Live in America” by Money. com, 2020. This city, of approximately 40, 000 residents, has a median age of 36 and household incomes that are some of the highest in Central Florida. The area also boasts an exceptional educational system with A-Rated schools in addition to numerous recreational amenities just steps away.
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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 | $2,640,000 | $2,640,000 | $2,640,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.250% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.360% | 6.956% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,123 | $16,255 | $23,362 |
Total Monthly Payment | $17,248 | $16,380 | $23,487 |
* 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.