4. 69 ACRES. MUSTANG TRAIL. SOUTHWEST RANCHES. LAND IS IN THE PROCESS OF BEING CLEARED AND BUILD READY. THIS IS ZONED RR (RURAL RANCHES) RESIDENTIAL SINGLE FAMILY ZONING. THERE IS TWO PRIOR FOOTPRINTS TO MOVE YOUR DEVELOPMENT ALONG FASTER. THE LAND IS UNDER ONE FOLIO NOW FOR ADDRESS 14390 MUSTANG TRAIL. BUT ONCE WAS BOTH 14390 AND 14340 MUSTANG TRAIL. YOU CAN DEVELOP THIS AS EITHER ONE FOLIO OR TWO. YOU CAN BUILD (2) SEPARATE HOMES, WITH ITS OWN FOLIO, OR (1) NEW HOME ON THE CURRENT 4. 69 ACRES. IF YOU DECIDE TO DIVIDE YOU CAN DIVIDE THE LOTS EQUALLY AT 2. 345 ACRES EACH OR YOU COULD DO ONE LOT AT 2. 69 ACRES AND THE OTHER AT 2. 0 ACRES. THE MINIMUM LOT SIZE ALLOWED IN SUNSHINE ACRES IS 2. 0 ACRES. THIS AREA IS UNDER HEAVY DEVELOPMENT FOR OBVIOUS REASONS. BEST OF THE BEST EQUESTRIAN AREAS!
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Our Executive Mortgage Banker:
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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 | $4,000,000 | $4,000,000 | $4,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.274% | 6.723% | 6.932% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $26,612 | $25,612 | $35,396 |
Total Monthly Payment | $26,737 | $25,737 | $35,521 |
* 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.