BACK ON MARKET WITH HUGE PRICE REDUCTION! Two parcels included with possible seller financing available. Beautiful historic retail property on 17-92 and large commercial vacant lot next door. Recently renovated property in red-hot historic Downtown Sanford with excellent location right on French Ave as you enter downtown Sanford with over 25, 000 vehicle/day. 1914 Victorian Home with high ceilings & elegant charm is zoned SC3 (retail, office, restaurant, residential, and professional services). Additional lot for a combined ½ acre of commercial in a booming area, a full city block with two corners. Restaurant/Bar with a large patio to conduct events. Large covered balcony that wraps around the propety and elegant courtyard dining area. Seats a decent amount on the inside and a generous amount on the outside patio. The kitchen is small but pushes out a decent amount of food. Outside patio is the place to be. House may be purchased and moved elsewhere. New HVAC, electrical, plumbing, and roof (2018). The lot at 120 Laurel Ave is currently used for vehicle storage but can be developed. Many possibilities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,000,000
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 | $800,000 | $800,000 | $800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.375% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.498% | 6.579% |
Monthly Tax Payment | $399 | $399 | $399 |
H/O Insurance Payment | TBD | TBD | TBD |
Initial Principal & Interest Pmt | $5,122 | $4,991 | $6,914 |
Total Monthly Payment | $5,613 | $5,390 | $7,313 |
* 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.