Minneola - US Hwy 27 - 18. 87+/- Acre Commercial site (an assemblage of 5 Parcels) located in South Lake County's prime development area with nearly 10, 000 new homes and other housing units in the pipeline for construction. This large site located next Highland Oaks entrance a community with 166 homes with an average price range of $200, 000 to $250, 000. Minneola has about 8, 000 homes that have been approved for construction. The brand new Florida Turnpike Exit #278 is completed and servicing this expansion of growth from Orlando that includes the massive Hills of Minneola project, a project that should take about 10 years to complete. 5 parcels, Alternate Key#'s 2920467, 1086671, 1509521, 1025044 and 1025036 Zoned: B-1 Business District, FLU: Multi Family medium density Also approved in adjoining Clermont is Olympus, a 243-acre sports-themed community that's projected to have $1. 4 billion in economic impact. In Groveland, the nation's largest grocery retailer, Kroger, will open a 336, 081-square-foot, robot-powered customer fulfillment center. This explosive growth is minutes to the site with excellent US Hwy 27 visibility and easy access. Additional . 31+/- Acre adjoining lot with Hwy 27 Frontage is available. All information is believed accurate and correct but subject to change without notice.
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William Raveis Real Estate
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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 | $2,720,000 | $2,720,000 | $2,720,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.636% | 6.684% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,416 | $17,192 | $23,694 |
Total Monthly Payment | $17,541 | $17,317 | $23,819 |
* 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.