~10 Acres in South Lakeland Offered for Sale~ This is an incredible property with its various features and zoning options. This
property consists of 10. 02 acres of land. 6. 65 acres are zoned as BPC2 Commercial and 3. 35 acres are zoned as Residential, offering
flexibility for future development. The presence of 2 sheds, a well, and septic also add to the property's value. It's worth noting that
the property is buildable, according to the property appraiser's office. Overall, it's an excellent opportunity with potential for both
commercial and residential development. Being that the property is already partially zoned BPC2 Commercial, there is definitely
potential for rezoning the remaining residential portion to commercial. Rezoning can open up additional opportunities for commercial
development and increase the property's value even further. It would be advisable to consult with local authorities and zoning
departments regarding rezoning. They can provide specific information and guidance on how to proceed with the rezoning process.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,000,000
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 | $1,600,000 | $1,600,000 | $1,600,000 |
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 | $10,645 | $10,245 | $14,159 |
Total Monthly Payment | $10,770 | $10,370 | $14,284 |
* 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.