N Florida AVENUE, Deland, FL, 32720 | $850,000

VACANT LAND ONLY - COASTLINE LOFTS - This small and forgotten railway was once a vital thoroughfare for DeLand’s downtown and an important part of the town’s history. Railroad operator Seaboard Coastline Railroad, once owned the tracks the lofts will be built on, hence the name Coastline Lofts. Our team has gone to extraordinary measures to ensure we are creating a community that the DeLand residents will be proud of and ideal for people who want to live, work, and play downtown. Whether it’s being a part of the hustle and bustle or relaxing in modern sophistication within a historic downtown setting; Coastline Lofts is the place to live. The lofts boost unique and creative floor plans with a balance of modern finishes like polished concrete floors and a stainless-steel hand-railing cabling system paired with gorgeous traditional hardwood flooring on the upper levels and expansive hand-framed ceiling trusses. Coastline Lofts is an important project for downtown DeLand. It is the first of its kind and the first multi-family project to be built and sold in downtown in over 20 years. There are 12 residential lofts and 2 street-facing artists’ lofts and include lofts, one-bedroom/one bath, and two bedrooms/two baths floor plans. There are six floor plan options that range from 827. 00 sq. ft. to 1, 136. 00 sq. ft.

Features

  • Lot Size: 57 x 150
  • MLS#: V4939349
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/V4939349/nfloridaavenue_deland_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/14/2024 12:47:07 PM)
Listing courtesy of SWANN REAL ESTATE INC   Phone: 386-738-3688

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888.699.8876

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

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N Florida AVENUE, Deland, FL, 32720

$850,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $680,000 $680,000 $680,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 6.750% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.321% 6.826% 6.936%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,410 $4,410 $6,017
Total Monthly Payment $4,502 $4,502 $6,109

* 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.