READY-TO-BUILD RESIDENTIAL SUBDIVISION PROJECT FOR 16 TOWNHOMES. PROPERTY COMES WITH APPRAISAL AND FULL SET OF CONSTRUCTION PLANS, including approx. 90% completed sitework, local approvals, engineering, architectural plans as well as General Contractor numbers to start the construction. Construction financing available through 3rd party lender if needed. Property allows SHORT TERM RENTAL (Air BnB) as well as long term rental or ownership. Buy the lot alone, or have the seller manage the construction for you (Build-to-Suit). Located only 12-15 minutes from Atlantic Ocean and World Famous Daytona Beach pier and amenities. A short distance to Daytona Racetrack, airport and shopping. Working name of the community is Bentley Oaks at Holly Hill. It is designed to be an exclusive townhome community offering an exceptional investment opportunity. Bentley Oaks at Holly Hill presents a unique chance to acquire the entire community pre-development, allowing you to take advantage of the potential growth and profitability from the outset. Each townhome at Bentley Oaks will feature exquisite craftsmanship and premium finishes. The thoughtfully designed floor plans will provide spacious living areas, stylish kitchens with high-end appliances, elegant bathrooms, and comfortable bedrooms. These homes are designed to meet the needs of modern travelers, combining comfort and sophistication in every detail.
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Our Executive Mortgage Banker:
Our Insurance Division:
$725,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $580,000 | $580,000 | $580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,957 | $3,855 | $4,891 |
Total Monthly Payment | $4,049 | $3,947 | $4,983 |
* 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.