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~ BUILD YOUR DREAM HOME ON THIS DEEP WATER INTERCOASTAL CANAL FRONT PROPERTY ~ see details below.
150 Godfrey Rd is shovel ready with a permit issued for a 3371 square foot single story residential home. 3 car garage, 3 bathroom with 3/4 bedrooms. One of the bedrooms was designed with no closet to be used as a office. Square foot as follows, 2218 living, Garage 739, big lanai at 362, front entry at 52.
Lot size is 72. 8 wide by 175' deep. 130' of land with 45' of canal land under water.
Lot was tested by Bechtol Engineering for soil stabilization and recommendations. Report will be delivered upon request or at closing.
Volusia County issued a non conforming lot letter as lot size is under required 75'. Approved by Volusia County Counsel and Planning and Zoning department and recorded in County records.
New Seawall was completed June of 2024, Vinyl shore pilling was used and capped with 6' x 72. 8 foot of 6" thick deck. 2 sets of steps designed into 42" high retaining wall for easy access to water front. Water and Electrical chases are preplanned and installed with water already tied into water meter.
Water meter is located on the north west corner of property and serviced by the City of Edgewater. Power is also in same location.
IMPACT FEES ARE PAID!
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$450,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $360,000 | $360,000 | $360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.490% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.806% | 6.661% | 6.006% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,130 | $2,273 | $2,989 |
Total Monthly Payment | $2,205 | $2,348 | $3,064 |
* 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.