Featuring a 68. 2 acre parcel in the growing area of Groveland, Florida, this property has exceptional views of Cherry Lake, part of Clermont’s Chain of Lakes. This property is in the final stages of being re-zoned and will consist of 41 one-acre lots located in Lake County. Sometimes known as the “Clay District”, these one-acre lots are expected to fulfill a need for today’s Buyers that are looking for a little more space between the homes, a little more privacy or larger lot to construct a home that will fulfill all their dreams. The owner has spent a great deal of time, effort and expense in bringing this to fruition; consulting with highly experienced entities which include a Land Use Attorney, Environmental Group, Traffic Consultant, Surveyor and Urban and Regional Planning Group, who all work with the County Planning and Zoning Department. The concept map has been reviewed by Lake County and is currently waiting final approval. Each lot can support individual well water and septic, or city water and sewage is possible if available, or an on-site waste water treatment system option for the community. An Environmental Survey has been completed in regard to Sand Skinks and Gopher Tortoises. As you can see, the project has been undertaken with which will enable the Buyer to maneuver through the process smoothly and quickly. The well thought-out Plat not only fulfills the County’s requirements for greenspace, but also incorporates that space into the area of the property that is adjacent to a pond and also has a great view of Cherry Lake. This is the perfect place for a community dock or park. The location of this parcel is very convenient to the Florida Turnpike, US Highway 27 and State Road 19 and into Orlando yet set back from the growing traffic in the surrounding areas.
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Our Executive Mortgage Banker:
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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 | $4,600,000 | $4,600,000 | $4,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.444% | 6.748% | 7.366% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $30,219 | $29,454 | $40,706 |
Total Monthly Payment | $30,344 | $29,579 | $40,831 |
* 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.