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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$850,000
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 | $680,000 | $680,000 | $680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,410 | $4,354 | $5,970 |
Total Monthly Payment | $4,502 | $4,446 | $6,062 |
* 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.