Under contract-accepting backup offers. Great opportunity for residential development. Calling all builders, developers, and investors! 9. 96 Acres with 366’ +/- frontage on Lake Lizzie Dr in St. Cloud, located in Osceola County Florida. Current zoning is AC, with a FLU of LDR. Property will need to be rezoned for development. Conceptual plans for 35 lot neighborhood are available. Property is in the Lake Toho service area for water and sewer.
With a 2020 population of 63720, St. Cloud is the 57th largest city in Florida, currently growing at a rate of 3. 88% annually and a population increase of nearly 10% since the most recent census. Spanning over 20 miles, St. Cloud has a population density of 3, 141 people per square mile. There are many new residential developments in the area, and this is a great opportunity for small residential subdivision. The median home value of homes in St Cloud is $425, 247 and home values have increase 29. 3% over the past year.
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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 | $840,000 | $840,000 | $840,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,309 | $5,379 | $7,317 |
Total Monthly Payment | $5,434 | $5,504 | $7,442 |
* 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.