Price Reduced! Imagine the possibilities! Unique Opportunity just One Block off Deland's expanding downtown. This property offers Several Options. The current use is a single-family residence (non-conforming use). This home needs your renovation ideas within the footprint of the current house to continue to be used as a residential property with Special Exception. However, the zoning is commercial, (05C-2) with other uses such as office space, retail, or possibly converted to multi-family for a Tri-plex. There is a large garage and other structures on the . 23-acre corner lot. Mature trees, completely fenced in, a 6’ by 30’ closed in front porch and a small open back porch. A short 6-minute walk to downtown. (Woodland Blvd) dining, shopping, entertainment and many events and festivals throughout the year.
*All information her-in is intended to be correct but must be verified by buyers and agents*
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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 | $136,000 | $136,000 | $136,000 |
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 | 8.051% | 7.295% | 6.623% |
Monthly Tax Payment | $19 | $19 | $19 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $951 | $916 | $1,175 |
Total Monthly Payment | $1,045 | $1,010 | $1,269 |
* 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.