Presented byDidier Bouton |
PUD approvals expire May 9, 2024, possible extension available with Town of Astatula approval. Sterling Meadows is a 98 acre +- project ready for a developer to take over. The community features 143 lots. Located on Fair St in Astatula, the land is flat, mostly cleared. Power lines run along the west side of the property. The community is conveniently located to Astatula Elementary School (0. 6 miles), Publix Shopping Center (6. 5 miles), Astatula boat ramp to Lake Harris (1. 6 miles), Joe Swaffer Park with tennis, basketball, soccer and playground (1. 4 miles) and a short commute of 35 minutes to downtown Orlando. The following various studies and site work have been completed: State approved Comprehensive Plan Amendment, PUD re-zoning/Conceptual Plan, Annexation, Phase 1 Environmental Study Assessment, Geophysical investigation, Boundary survey, preliminary traffic study, Geo Tech Exploration, Environmental Study and Sand Skink Study. This is a great opportunity to capitalize on the growth happening in Lake County.
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$8,000,000
Licensed Real Estate Salesperson
William Raveis Real Estate
Phone: 704.516.1275
Didier.Bouton@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $6,400,000 | $6,400,000 | $6,400,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.014% | 7.041% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $43,118 | $42,043 | $57,079 |
Total Monthly Payment | $43,243 | $42,168 | $57,204 |
* 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.