Turn this land into single family homes. Orange County states Future Land Use is R1 so property can be rezoned to low density housing. Here is 4. 86 acres of undisturbed Florida land. 166' of frontage on Curry Ford Road. 1275' deep lot. Buildings on property have no marketable value. This is a great location, close to all that Central Florida has to offer: shopping, dining, Orlando's top notch educational institutions and entertainment. Since the family purchased it in 1950 it has only ever been used as their homestead. There are some utilities on the property and other utilities are in the area and can be connected to. Seller has requested that all interested parties contact the listing agent prior to entering the property. Seller requests that you not drive the property. There's not much undeveloped land in the central Florida area so this is a gem! There are some designated wetlands on the property so a wetlands determination will need to be done by the buyer to determine the amount and location of buildable land. Seller has recently reduced the price by 1. 8 million dollars in light of this information, that should more than compensate for wetlands determination and/or remediation to prepare for development. BRING US AN OFFER.
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $560,000 | $560,000 | $560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.893% | 7.171% | 6.623% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,773 | $3,722 | $4,840 |
Total Monthly Payment | $3,865 | $3,814 | $4,932 |
* 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.