These 4. 2 acre high & dry parcels are in a fast-growing area of high volume traffic College Drive near Middleburg and Orange Park, Florida in the Jacksonville Metro. Northeast Florida is one of the top 3 fastest growing areas in the United States. Great develop or buy-hold land for potential commercial or possible high-density residential use in this highly visible/highly accessible thoroughfare. Traffic counts are very good. Zoned BA (Neighborhood Business), the property could be used for new medical offices, general offices (like are across street), church, school, fast food, convenience stores, financial institutions, animal clinics, veterinary hospitals, drugstores, & grocery stores. With zoning changes or variances, other use possibilities could include senior living, townhouses, multi-family apartments or condominiums, self-storage, retail & numerous other commercial uses like are nearby. See documents for complete BA zoning allowed uses. Lots could be purchased separately. These are four individual parcels that are connected or contiguous. The addresses are 395 College Dr, 397 College Dr, 1702 Balboa Ln, & 1696 Balboa Ln. The zoning for the College Dr properties is BA while the Balboa Ln properties are currently zoned SF Residential but can be changed since the county has rezoned surrounding properties recently.
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William Raveis Mortgage, LLC
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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 | $1,597,520 | $1,597,520 | $1,597,520 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.606% | 6.622% | 6.680% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,361 | $10,097 | $13,916 |
Total Monthly Payment | $10,486 | $10,222 | $14,041 |
* 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.