Now available for purchase, this roughly 24-acre property is composed of 3 parcels and boasts direct road frontage on U. S. 17. This property presents a multitude of opportunities for prospective buyers. The property is currently zoned MH-1 (Mobile Home Park) and has a future land use of UMI (Urban Medium Intensity). The Mobile Home Park Zoning allows for development of 7 spaces per net acre. The future land use allows for 4-8 dwelling units per acre and has some commercial use options. This property may be a strong candidate for re-zoning as well. The property features over 600ft of Paved Rd frontage on U. S. 17 (a split paved highway). In addition, there is currently a project that is bringing utilities (Water and Sewer) directly across the frontage of this property. These utilities will be a great advantage for potential development pursuits of this property. This highway has a high daily traffic count and provides convenient transit to the heart of Deland and surrounding areas. The surrounding area has a good mixture of residential and commercial uses. The property has a roughly 4 acre pond/wetland area at the back of the property. The location of the pond and the surrounding high elevations keep the property high and dry with a "built-in" drainage route. Call today for more information or to schedule a showing of the property.
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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 | $680,000 | $680,000 | $680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.014% | 6.915% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,581 | $4,467 | $6,017 |
Total Monthly Payment | $4,673 | $4,559 | $6,109 |
* 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.