opportunity to own land on busy Collins Road frontage. Currently zoned RMD-A medium density (8-19 units per acre)300 FT frontage of improved road on heavily trafficked Collins rd and Blanding Blvd. High visibility location. Possible rezoning for commercial usage. Buyer to contact city zoning office. Lot has partially Cleared. . Amazing opportunity for a developer, builder or investor for multi home investment. Right down the road from the new Wawa and across the street from a church. City water and City Sewer are available. Buyer to verify details, frontage and total acreage. , and the zoning usage . Previous Owner had up to 6 Small Units located at the Lot . Survey and topographic survey available. The Present owners are in process of completing the plans to develop up to 14 Town houses . CDN has been created and the and the mobility fees are even paid already. Plans are in the Process for the development of Townhouses
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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 | $319,600 | $319,600 | $319,600 |
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 | $2,153 | $2,124 | $2,695 |
Total Monthly Payment | $2,228 | $2,199 | $2,770 |
* 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.