Beautiful lot in highly desired Davie area. Unique location, dead end street with very large houses. Part of the Lychee Woods Plat. Over 20 Lychee trees, 7 mango trees + other fruit trees on the property. 160 feet Canal frontage on back. Very secluded on a private asphalted road. Plans are available for a large 4 bed, 4 Baths, Office/Study (could convert to 5th Bed; Dinning Rm; 2 car garage plus large workshop area; Walk-in closets; fam rm; breakfast area; 3900 sq. ft. under air (living) & almost 5000 sq. ft total area. Pool design and plans finalized. Only waiting on final SEPTIC documentation and permits to begin construction. Demock was done and lot has been partially filled with lime rock /other fill. Agricultural zoning could reduce taxes if used in full or partially for AG purposes.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $599,920 | $599,920 | $599,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,891 | $3,841 | $4,982 |
Total Monthly Payment | $3,983 | $3,933 | $5,074 |
* 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.