475 3rd STREET, Holly Hill, FL, 32117 | $725,000

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.

Features

  • Lot Size: 240 x 433
  • Lot Desc: Buildable, Cleared, City Lot, Level, Near Public Transit, Private
  • MLS#: S5090126
  • Days on Market: 228 days
  • Website: https://www.raveis.com
    /prop/S5090126/4753rdstreet_hollyhill_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/16/2024 4:58:21 AM)
Listing courtesy of DYNAMIC REALTY LLC   Phone: 407-593-8990

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

475 3rd STREET, Holly Hill, FL, 32117

$725,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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.