Presented byJan Youlden |
Population Growth: St. Lucie County has been experiencing population growth over the years. According to the U. S. Census Bureau, the population in St. Lucie County grew by 4. 4% between April 2020 and July 2021. In Port St. Lucie, it grew by 6. 2%.
The county's location on Florida's eastern coast, with access to beautiful beaches and a relatively affordable cost of living, has attracted both retirees and young families. The population growth was driven by an increase in new residents moving to the area.
Housing Development: The housing market in St. Lucie County had been active with new residential developments. This growth included the construction of single-family homes, condominiums, and apartment complexes. The county had been working to accommodate the demand for housing through zoning changes and new construction projects.
Economic Development: St. Lucie County had been making efforts to diversify its economy. The area had been attracting businesses and industries related to healthcare, technology, and manufacturing. The expansion of the healthcare sector, in particular, had been notable.
In talking with the planning staff, St. Lucie County anticipates growth will occur on Indrio Rd west of I-95.
Located 3 miles west of the intersection of I-95 and Indrio Road. This is a full-access intersection located at mile marker 138,
> Large cleared tract waiting to be developed.
> Located 9 miles from the Indian River Lagoon.
>The property can be leased for farming to generate income while waiting to develop.
>Current Water and Sewer provided by St. Lucie County is located about 3 miles to the east at Indrio Rd & Koblegard Rd. At that location there currently is a 16" water main and a 12" force main.
>This property is great for an investor wanting to plan for future growth.
>The traffic count on I-95 at Indrio Rd is 57, 000 AADT
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Phone: 774.238.2919
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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 | $47,640,000 | $47,640,000 | $47,640,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.877% | 7.014% | 7.041% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $324,989 | $312,961 | $424,879 |
Total Monthly Payment | $325,114 | $313,086 | $425,004 |
* 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.