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This is almost two acres in desired area of Arcadia, surrounded by some of the most popular and busy stores, restaurants, medical etc including a large Gym and gas stations in the County. This is just off Hwy 70 East and clearly visible. There are 8 lots fronting on the road and 4 lots that back up to 4 of the front lots. All 12 lots in this package are zoned CG ( Commercial General )and this Zoning has many varied uses giving Buyer many options for this property. This is a blank slate open for your imagination. In an original plat, these lots should have had a way to go down the side of lot 13 and across the back. That has never been developed and Seller does not plan to do so. It will be Buyers responsibility to confirm any and all potential plans with DeSoto County Planning Dept. The mowed portion of the lot does not specifically indicate an exact lot line. The best use for this offering is the entire piece. Please refer to the Plat that is in with the pictures to understand how they sit. Tax figures not available until posted by end of tax year, probably in November
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William Raveis Mortgage, LLC
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NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $280,000 | $280,000 | $280,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.407% | 6.533% | 5.920% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,679 | $1,747 | $2,306 |
| Total Monthly Payment | $1,754 | $1,822 | $2,381 |
* 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.