Sr 44, Leesburg, FL, 34748 | $4,950,000
Excellent opportunity for a PUD development on the 44 East West Corridor between Leesburg and Brownwood, The Villages. This subject parcel is comprised of 11 Parcels, Alternate Key numbers; 1035287, 1116546, 1171814, 1700001, 1772575, 2665106, 1171792, 1772541, 3458907 in Lake County and G25-001, G25-002 in Sumter County for a total of approximately 303. 4 acres, per county records. Of these 303. 4 Acres, approximately 269. 3 acres are considered dry (but partially in flood zone A). The subject parcel has approximately 1, 243' of highway frontage on 4 lane SR-44 with a traffic count of 20, 500 AADT. This frontage is divided into an approximately 925' section and a 319' section. The subject also has 1320' of frontage on Whitney Rd (but not the corner, FDOT owns the corner retention pond at intersection of Whitney and 44). The subject parcel has a median cut at the intersection of Whitney and SR-44, and two median cuts / decel lanes along the 44 frontage. Two buildings exist on the property. Both fronting on SR 44. One on alt key 2665106 and is a 1971, 1, 366 s. f home with a 1 car garage, per tax records. The other is a 1989 manufactured home of 641 square feet, 2 bed 1 bath, per tax records. Don't let this development opportunity pass you by. This would be a perfect spot for single family and multi family homesite development with commercial fronting SR-44. Property is located directly across 44 from Pennbrooke Fairways.
Features
- Lot Size: 5350 x 2700
- MLS#: G5045336
- Days on Market: 123 days
- Website: https://www.raveis.com
/prop/G5045336/sr44_leesburg_fl?source=qrflyer
Listing courtesy of CARLINO REAL ESTATE GROUP INC Phone: 352-326-2662
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
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- Is available to meet with you in our office, your home or office, evenings or weekends
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Sr 44, Leesburg, FL, 34748
$4,950,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 | $3,960,000 | $3,960,000 | $3,960,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.250% | 7.000% | 6.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.955% | 7.141% | 7.041% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $27,014 | $26,346 | $35,317 |
| Total Monthly Payment | $27,139 | $26,471 | $35,442 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388