This 189 ACRE PROPERTY is the only larger parcel currently available in North Lake County. This property is located next to the gated community of Sorrento Springs and its Eagle Dunes Golf Course, and minutes away from Mount Dora, Eustis and Tavares. Road frontage is estimated to be almost 2600 feet as it sits on the corner of Cardinal and SR 44. The land is gently rolling in some areas, flat in most others, and is all high and dry with the exception of about 3 acres in the southwest corner. There are two entrances to the property off Cardinal and a turn lane from SR 44 when traveling west. The property is about a half mile from the Publix shopping center on the corner of CR 437 and SR 44. The property perimeter is fenced and there is one grove of trees on the central east side of the property. There is a warehouse and office building that was once used for horticultural purposes but the business is no longer operational. It's an easy commute from here to all parts of Central Florida as the new Hwy 429 beltway is minutes away to the south. Make your appointment today for a private tour of the 2 combined parcels of land that make up this unique North Lake County property.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$7,560,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $6,048,000 | $6,048,000 | $6,048,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.500% | 7.250% | 7.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.995% | 7.354% | 7.292% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $42,288 | $41,258 | $54,785 |
Total Monthly Payment | $42,413 | $41,383 | $54,910 |
* 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.