**Price Update: $128, 000 for Expansive 1. 54-Acre Land in Poinciana Village 5, Kissimmee, FL**
Step into a world of opportunity with this competitively priced 1. 54-acre prime land parcel in the lively Poinciana Village 5 NBHD 1, Kissimmee, FL 34759. Now available for $128, 000, this expansive property, covering approximately 66, 995 square feet, opens the door to limitless possibilities for commercial and residential developments within a burgeoning community.
Encased in a tranquil, natural setting, this virgin forest land beckons the innovative spirit of developers. With the benefit of dual-zoning, it's an ideal canvas for a diverse range of projects from vibrant retail spaces to serene residential communities. The potential for residential development is especially appealing, given the nearby average home price of $314, 870 in 2022.
Located at the strategic junction of Walnut Street and Amiens Road, the property offers excellent visibility and ease of access, crucial for successful commercial projects. Access to essential utilities such as electricity, water, and cable is already in place, paving the way for a smooth development process.
The area's demographic forecast is optimistic, with a one-mile radius home to 8, 350 people and a median household income of about $46, 082. Expand to a five-mile radius, and the population jumps to 61, 280, with median incomes rising to approximately $51, 639. An anticipated increase in occupied housing units by 2026 underscores a market poised for growth and increasing prosperity.
Proximity to educational institutions like Chestnut Elementary, Discovery Intermediate School, and Liberty High School enhances the location's attractiveness to families looking to plant their roots in this vibrant area.
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:
$128,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $102,400 | $102,400 | $102,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.286% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $699 | $681 | $864 |
Total Monthly Payment | $774 | $756 | $939 |
* 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.