This oversized vacant lot, considered Volusia County and is NOT subject to the Edgewater building moratorium, spanning 0. 63 acres, is the perfect place to build your vacation or permanent home! With no HOA restrictions, this property already has a septic permit issued by the Volusia County Department of Health. Compacted fill dirt is in place for the proposed home’s slab/foundation, and the permit for an electrical pole with Florida Power has been paid, allowing for either an underground or overhead connection. A building permit has been started, streamlining the process further. Environmental clearance has been completed by Volusia County, confirming no gopher turtles on-site, and the property is exempt from vegetation requirements. The stormwater plan, approved using the berm method, eliminates the need for a specific retention area. A berm and silt fence are already in place, as is an approved driveway plan. The property is located in Flood Zone X, providing additional peace of mind. A well is installed, delivering approximately 6+ gallons per minute, and the lot has been cleared of trees and vegetation, offering a clean slate for your vision. This home site is on the East side of US1 and is surrounded by boat launches and great fishing! You are so close to the Canaveral Space Launches that you can easily watch them from your front yard. Don’t miss this opportunity to create your perfect home!
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $100,000 | $100,000 | $100,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.159% | 6.392% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $657 | $665 | $851 |
Total Monthly Payment | $732 | $740 | $926 |
* 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.