INCREDIBLE OPPORTUNITY! Prime location on the busy intersection of SR 50 and SR 471. The ONLY corner currently for sale that has both SR 50 frontage AND SR 471 frontage. Approximately 13 acres. High traffic area in the path of future growth and development. Sumter County Economic Development has identified this area as a secondary “Economic opportunity zone” for Sumter County. There is currently no sewer or water available to site. On-site fire suppression could be accommodated by alternate ways. Please do not access site without prior approval. The property is currently zoned RR5C to allow for the current residential home however future land use is identified as potential commercial/heavy commercial. Industrial is also identified as potential future land use. For information on the most current DOT information for the road widening project please call or email. You can also reach out to the DeLand branch of DOT directly for questions and information on the SR 50 road widening project in south Sumter County. The parcel being sold T19-011 has already undergone SR 50 expansion alterations. Dimensions are approximate. Buyer or Buyer’s agent to verify all information. Existing heavy commercial and industrial already in the vicinity. Proof of funds required for offer submission. Sumter County is a pro-business county with an emphasis on manufacturing, distribution and agribusiness as targeted industries. Commute to Ocala, Tampa, Orlando or Lakeland in approximately 1 hour. Site visits are available by appointment only 7 days a week with 24 hours notice. For more information, call today.
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Our Executive Mortgage Banker:
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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 | $6,240,000 | $6,240,000 | $6,240,000 |
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 | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $40,473 | $39,955 | $54,787 |
Total Monthly Payment | $40,598 | $40,080 | $54,912 |
* 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.