2573 Reed Ellis ROAD, Osteen, FL, 32764 | $1,650,000

Under contract-accepting backup offers. This existing horse farm has 30 acres and we have neighboring property with 30 additional acres that provide Access from Enterprise Osteen Rd. The property is located and has been annexed into the City of Deltona Florida, along with the neighboring 120 acres and more.
After preliminary discussions with the City of Deltona we believe they will support a density of 2. 5 to 3 houses per acre.
The area has nice access to Orlando Florida, a nearby Sanford-Orlando Airport and several nearby parks and lakes for recreation

Features

  • Lot Size: 900 x 1600
  • Elem. School: Osteen Elem
  • Middle School: Heritage Middle
  • High School: Pine Ridge High School
  • Pet Policy: Yes
  • MLS#: U8186354
  • Days on Market: 295 days
  • Website: https://www.raveis.com
    /prop/U8186354/2573reedellisroad_osteen_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 4/18/2024 11:47:10 AM)
Listing courtesy of REAL ESTATE STARS INTERNATIONAL LLC   Phone: 727-283-9977

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2573 Reed Ellis ROAD, Osteen, FL, 32764

$1,650,000

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 $1,320,000 $1,320,000 $1,320,000
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 7.942% 7.141% 7.082%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,005 $8,782 $11,772
Total Monthly Payment $9,130 $8,907 $11,897

* 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.