Mixed Use Zoning consisting of Residential, Retail, Restaurant, Office. Located in the city of Groveland's Village Core & Edge planning district. This parcel is right off the Coast to Coast Bike trail and minutes from the major growth corridor of SR -50.
The Groveland Comprehensive Plan was a vision-based amendment for the City of
Groveland, a historically rural community trying to balance it’s ‘Natural Charm’ with its
adjacency to the fast-growing Orlando Metropolitan Area. In a response to the pressures
of suburban sprawl, the City of Groveland made the decision to plan for the development
that was coming, and to envision how that development could enhanced the rolling
hills and picturesque swamps of this growing City in Central Florida. The Groveland
Comprehensive Plan requires that new developments provide a sustainable mix of
housing types, with non-residential components and highly amenitized Open Spaces. To
achieve this balance of nature and development, the plan creates three distinct community
types: Towns, Villages, and Hamlets
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Our Executive Mortgage Banker:
Our Insurance Division:
William Raveis Real Estate
RVP, Mortgage Banker
William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr)
Adjustable Rate Conforming*
|Term||360 months||360 months||180 months|
|Initial Interest Rate**||7.375%||7.125%||6.375%|
|Interest Rate based on Index + Margin||8.125%|
|Annual Percentage Rate||8.011%||7.282%||6.664%|
|Monthly Tax Payment||N/A||N/A||N/A|
|H/O Insurance Payment||$92||$92||$92|
|Initial Principal & Interest Pmt||$3,868||$3,773||$4,840|
|Total Monthly Payment||$3,960||$3,865||$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.