5442 MOUNT OLIVE ROAD, Polk City, FL, 33868 | $124,995

Large Lakefront Buildable Lot! Room for your Boat and toys on this Beautiful nearly cleared Waterfront Oasis. Gorgeous Views of Water and Nature right in your own backyard. One of the Largest Boatable Lakes in the area. Jump on your Jet Skis, Boat, and Paddleboards right from behind your house. TECO Auburndale Trail is nearby where you can enjoy the Vast Florida Nature and peaceful country exercise with 6. 5 Miles of multi-use path where you may walk, jog or ride your bicycle. The trail terminates just south of the Lake Myrtle Sports Complex. Bring your Own Builder! No time limit for building. Flexible Options for building either a Single Family Home (site built) or Modular (manufactured) home. Zoning - planned unit dev-PUD. A Single Family (site built) home exists next door to the left and a National known Home Builder will soon be developing a Brand New Single Family Home Community that neighbors your Preferred Lakefront Lot to the right. Opportunity to get in with a preferred lot prior to this significant market improvement about to happen in this highly desired and immediate location. Public Utilities Nearby. Conveniently located close to all of Lakeland shopping and Restaurants (between Orlando and Tampa). Easy access to I-4, Disney Theme Parks and the nearby Amazon Fulfillment Center. Job opportunities exist in the area as many other well-known Corporate Headquarters and Distribution Centers have also chosen the Lakeland/Polk City area as their home. Move on this Lakefront Opportunity Now before its gone!

Features

  • Lot Size: 85x345x83x311
  • Lot Desc: Buildable
  • MLS#: O6031997
  • Days on Market: 200 days
  • Website: https://www.raveis.com
    /prop/O6031997/5442mountoliveroad_polkcity_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 1/28/2023 5:12:12 PM)
Listing courtesy of CHARLES RUTENBERG REALTY ORLANDO   Phone: 407-622-2122

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Melissa CohnVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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5442 MOUNT OLIVE ROAD, Polk City, FL, 33868

$124,995

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

VP, 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 $99,996 $99,996 $99,996
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 5.875% 4.875%
Interest Rate based on Index + Margin 4.250%
Annual Percentage Rate 6.651% 6.008% 5.073%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $584 $592 $784
Total Monthly Payment $659 $667 $859

* 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.