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***OWNER FINANCING AVAILABLE WITH 30-35% DOWN*** CALLING ALL INVESTORS/BUILDERS THIS PROPERTY WAS JUST GRANTED PERMISSION TO BUILD 6-8 UNITS PER ACRE*** THAT MEANS 162-216 UNITS DEPENDING ON DESIGN*** THE CITY OF LAKE CITY IS LOOKING FOR DEVELOPERS AND HAS EVEN OFFERED TO ANNEX THE PROPERTY FROM THE COUNTY FOR FREE. . . THIS AMAZING 27 ACRE PARCEL OF LAND LOCATED IN THE HEART OF LAKE CITY IS PERFECT FOR ANY CORPORATION OR BUILDER LOOKING TO BUILD A NICE HIGH DENSITY RESIDENTIAL DEVELOPMENT OR AN INDUSTRIAL/COMMERCIAL PARK WITH A ZONING CHANGE. . THIS PROPERTY SITS ON PRIME COUNTY ROAD FRONTAGE, WITH OVER 1200 FEET OF ROAD FRONTAGE ON SE COUNTY ROAD 245, NEAR THE CORNER OF STATE ROAD 100. . THE PROPERTY IS CURRENTLY ZONED RESIDENTIAL; SO ALL YOU NEED TO DO IS ANNEX THE PROPERTY WHICH THE CITY IS WELCOMING AND OFFER THE OWNER TO DO. . WE HAVE A LETTER FROM PLANNING AND ZONING WITH A CONTACT PERSON THAT CAN HELP YOU TO EXPEDITE THE PROCESS. . THEN ALL YOU NEED TO DO IS GET YOUR PLANS TOGETHER AND APPROVED AND START BUILDING YOUR DEVELOPMENT. THIS PARCEL OF LAND SITS HIGH AND DRY AND WAS CLEARED BY THE OWNER MAKING YOUR BUILD EASY AND MORE COST EFFECTIVE. . DON'T MISS THIS OPPORTUNITY TO EXPAND YOUR BUSINESS TO ONE OF THE MOST BUSINESS FRIENDLY UNIQUE AREA'S OF FLORIDA ****ALSO OWNER FINANCING IS AVAILABLE OWNER IS WILLING TO HOLD A MORTGAGE NOTE**** CALL NOW
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,800,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,440,000 | $1,440,000 | $1,440,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.142% | 5.972% | 5.826% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,176 | $8,518 | $11,862 |
| Total Monthly Payment | $8,301 | $8,643 | $11,987 |
* 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.