A Healthy Inclusive location for the emergence and co-mingling of Medical and Professional services. First-rate walk-ability to Beautiful and Historic Downtown DeLand with all its Award-Capturing “America’s Best Main Street” Merchants and Professional Services throughout. The Governing municipality being the Historic City of DeLand with all major utilities desired adjacent or nearby.
7. 40 acres total with 396' of frontage along State Rd 44 (E. New York Ave. ) with adjacent side streets of Fairview Ave to the West. , Frankfort Ave to the East. , and Howry Ave to the South. This site is believed to be ready and perfect for development through a planned Medical/Professional PD.
The Northern frontage is composed of a 1. 35 acre parcel that has Commercial C-1 zoning and also lies within a Flood Zone of X. The Southern 6. 05 acres make up the section that is currently zoned Residential R-1 and also has a Flood Zone of X. No wetlands or other environmental concerns are known or believed to be onsite due to completed environmental studies and surveys.
The topo shows the high elevation ridge in place along the North side being along SR 44 at 64' and the low predominate onsite being at 40' of elevation. The combination of both higher-level visibility from SR 44 and the lower elevations throughout the majority to the South provide for fantastic visibility of this Medical/Professional development from the major thoroughfare peering down from adjacent E. New York Ave.
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Our Executive Mortgage Banker:
Our Insurance Division:
$895,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $716,000 | $716,000 | $716,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.103% | 7.041% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,884 | $4,764 | $6,386 |
Total Monthly Payment | $4,976 | $4,856 | $6,478 |
* 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.