Rare ±1.21-acre development opportunity in DeLand! This 12-lot assemblage is located along Cutbank Trail within the Trails West community and offers strong potential for a residential townhome or multifamily-style project. Conceptual plans show two 6-plex townhouse buildings for a total of 12 proposed units. Boundary survey, aerial map, environmental assessment, conceptual floor plans, and elevations are available. Environmental assessment available for review. Buyer to verify all environmental conditions, site conditions, zoning, density, utilities, access, permits, impact fees, and development potential with the City of DeLand, Volusia County, HOA, and all applicable agencies.
Cutbank Trail, Deland, FL
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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