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
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 5/21/2024 12:07:27 AM)
Listing courtesy of CARLINO REAL ESTATE GROUP INC   Phone: 352-326-2662

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    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% 6.875% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.903% 7.014% 7.041%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $27,014 $26,014 $35,317
Total Monthly Payment $27,139 $26,139 $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.