This property is free from HOA fees and features low taxes. It encompasses over a quarter acre of vacant land located in the serene city of Montverde. The lot is situated to the west of Lake Apopka, providing a partial view of the lake. You can have a lake view property if you have a 2-floor structure on the property. It is zoned for mixed residential use, with the future land designation classified as urban low. The property is enclosed by a fence and has an electrical meter installed on-site. Montverde, a charming rural town, offers various city amenities, including Kirk Park, Lake Florence Park, and Truskett Park. Throughout the year, the city hosts numerous events such as Montverde Day, the Easter Egg Hunt, the 4th of July Parade, Light Up Montverde, and the Fall Festival, making it an ideal location for families. The lot is conveniently located just 9 minutes from the East Town Center, which features restaurants, supermarkets, dry cleaners, and banks. The Florida Turnpike is accessible within a 12-minute drive, with several gas stations in the vicinity. Additionally, the land is in close proximity to Montverde Academy and various shopping centers in the nearby cities of Clermont and Winter Garden, providing ample options for residents. A survey is available, and it is advisable to verify that the lot can accommodate both single and double-wide structures.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $76,000 | $76,000 | $76,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $506 | $505 | $652 |
Total Monthly Payment | $581 | $580 | $727 |
* 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.