Looking for the perfect spot to build our dream home? Look no further than this unimproved land located near US441 and downtown Mount Dora. This property is zoned for both single family homes, manufactured homes and tiny homes, offering plenty of options for your future residence. While sewer, well installation, and an interior sprinkler system will be necessary, this lot’s prime location is worth the investment. You will need two lots to build. Just minutes from US441 and 2. 4 miles from downtown Mount Dora, you’ll have easy access to all the festivals and events this charming town has to offer. Plus, you’ll be a short drive away from Renniger’s Flea Market and Antique Center, where you can discover hidden treasures and unique finds. This property’s convenient location also allows for easy travel to both the Gulf Coast and the Atlantic Ocean. Within an hour and a half, you can be relaxing on the beach and soaking up the Florida sun. If you’re looking for entertainment closer to home, Orlando and Disney are only 40-50 minutes away. Keep in mind that building requirements and regulations will vary by municipality, so it will be the buyer’s responsibility to contact Zoning and Planning to determine the specific requirements for this lot. Don’t miss out on the opportunity to build your dream home in this desirable location with NO HOA! PLEASE NOTE THAT THIS LAND IS UNIMPROVED AND MAY NOT BE ACCESIBLE AT THIS TIME, ROADS ARE PLATTED, BUT MAY NOT BE CLEARED. YOU WILL NEED A WELL, SEPTIC AND EACH HOME WILL NEED A SPRINKLER SYSTEM PER PLANNING AND ZONING. ANY INQUIRES ON USE OF THIS PROPERTY SHOULD BE MADE TO THE LAKE COUNTY PLANNING AND ZONING. THIS IS ALL THE REALTOR KNOWS REGARDING THIS PROPERTY.
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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 | $8,800 | $8,800 | $8,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.508% | 7.171% | 6.392% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $60 | $58 | $75 |
Total Monthly Payment | $135 | $133 | $150 |
* 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.