0.50-acre vacant lot in Indian Lake Estates with land use designated for single-family residential only. This property offers a quiet rural setting with north-facing frontage on a private road and a greenbelt to the rear for added privacy. Water and electric are available to the property. Convenient access to SR-60 allows easy travel to Lake Wales, Frostproof, and central Florida. Ideal for a future homesite or long-term investment. Community fees are modest (buyer to verify). Buyer to verify zoning, land use, utilities, and building requirements with Polk County.
0 Magnolia Drive, Indian Lake Estates, FL, 33855
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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