This lot in Lake Placid is in a fantastic area, just a short 10-minute drive away from Lake Grassy and approximately within a 20-minute drive to Lake Placid. This proximity to both lakes makes it an ideal location for those who enjoy recreational activities like fishing and boating. You'll have easy access to the lake, allowing you to spend quality time on the water and indulge in your favorite water-based hobbies. For car enthusiasts, the lot's proximity to the Sebring International Raceway is a dream come true. You'll be able to enjoy thrilling races and events just a short distance away from your property. Whether you're a motorsport fan or a participant, living so close to a renowned racetrack adds an exciting element to your lifestyle. Additionally, the lot offers the convenience of having shopping and dining options nearby. You'll have access to a range of stores, boutiques, and restaurants, ensuring that your everyday needs are met without having to travel long distances.
Overall, this lot in Lake Placid provides a unique combination of recreational opportunities, a favorable growing environment, and proximity to exciting attractions like the Sebring International Raceway. It's an excellent location for anyone looking to enjoy the outdoors, engage in hobbies, and have easy access to amenities. Don't let this deal race on by! Invest or purchase to build your dream home today!
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William Raveis Real Estate
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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 | $6,800 | $6,800 | $6,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.500% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.234% | 7.308% | 6.644% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $48 | $46 | $59 |
Total Monthly Payment | $123 | $121 | $134 |
* 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.