Under contract-accepting backup offers. Village of Oxford is a Fifty (50) acre+/- site zoned and approved for up to Six (6) residential units per acre, including townhomes, villas, and single-family residents. Utilities are located on-site and with ample capacity. This site has excellent visibility and access with over 2, 100 linear feet of road frontage and is high and dry and fully useable with no loss of developable land to wetlands. This development is poised for success and located only minutes away from The Villages, one of the nation's fastest-growing master-planned communities and the largest 55+ community in the country. With excellent proximity to schools, shopping, entertainment districts, and restaurants, this community is an attractive destination professionals, families, and retirees making it a unique opportunity for single-family homes and long-term rentals alike. Village of Oxford provides incredible access to the Florida Turnpike, I-75, & US Hwy 301. Orlando, Tampa, and Gainesville are less than an hour's drive. Orlando International Airport, Tampa International Airport, and Disney World are an hour's drive. The Villages Charter School, Super Wal-Mart, Publix, Bonefish, Olive Garden, Red Lobster, Marshalls, HomeGood, and much more are just minutes away. Adjacent neighborhoods (Sumter Crossing & Oxford Oaks) are gated and price points range from the $300's to $2, 000, 000. Retirees continue to seek their dream homes in The Villages in large numbers. Sumter County, because of the growth of The Villages, ranks sixth in the nation and No. 1 in Florida in new home construction for the decade 2010-20, according to the U. S. Census Bureau. The number of homes in Sumter grew during the 10-year period from about 53, 000 to about 75, 300, an increase of 42%. The lofty ranking comes as no surprise to Sumter County Property Appraiser Joey Hooten, who witnesses the housing growth on a daily basis. “Sumter County is the envy of the state, ” Hooten said. “It’s because we have sustained growth no matter what the economy throws at us. ” That can be attributed to the demand for the lifestyle available in The Villages, Hooten said. “No one has done what we’ve been able to do in this county over the last 10 years, ” he said. “It’s nothing short of amazing. And it’s all about what’s being offered in The Villages. ” It doesn’t appear to be slowing down any time soon either, Hooten added. “People are moving here more than ever, ” he said. (George Horsford, Daily Sun)
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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 | $4,800,000 | $4,800,000 | $4,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.750% | 6.664% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $30,735 | $30,735 | $41,813 |
Total Monthly Payment | $30,860 | $30,860 | $41,938 |
* 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.