Under contract-accepting backup offers. Rare Developable Land on Johns Lake in Oakland FL. There are Two Contiguous Parcels included in this listing; Parcel A is 2. 83 acres/110, 518 SF and Parcel B is 4. 89 acres/199, 013 SF. Total 7. 72 Acres. Parcel A has approximately 590' frontage on Remington Rd and Parcel B has approximately 250' of Lake Frontage on Johns Lake. Geotech report is attached along with other pertinent Documents. The PSP (Preliminary Site Plan) for a 20-Lot Detached Single Family Residential Subdivision is Fully Approved by the Town of Oakland and is non-Appealable. The Site Plan consists of 17 Interior Lots and 3 Direct Lakefront Lots. See attached Site Plan for Dimensions and Details. Final Engineering & Construction Plans are nearing completion. SJWMD Permit has been approved. Land is Offered "Shovel Ready" Fully Entitled with Approved Final Engineered Construction Plans and Permits. Ready for Site Construction. Connection to a close by Gravity Sewer via a Lift Station is planned. Land is located conveniently close to the Turnpike Off-Ramp on Colonial Dr.
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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 | $2,480,000 | $2,480,000 | $2,480,000 |
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 | $17,341 | $16,918 | $22,465 |
Total Monthly Payment | $17,466 | $17,043 | $22,590 |
* 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.