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8. 4 ACRES Zoned PDP(HHC)/Planned Development Project (Heavy Highway Commercial) with no outside storage. Outside Storage will require a revision to the master plan. For all details, see the Rezoning Letter from the County attached to the MLS Documents in this listing. Property is located at the stoplight of Sunshine Grove Road and Star Road (Ken Austin Parkway near Central High School). It is the SW corner of the intersection. Property is cleared, prepped, fenced, and ready to be built on. Only a small area of A flood zone on the west side, the majority of the property is in a X Zone. . . so put your retention pond in the little A Zone.
GREAT area. . . growing traffic count. Current ADDT is 15, 500. Public water and sewer in available to hook-up to. Well on the property. 300 tons of limerock base in place for building. Improved well with 5 horsepower pump with new casing 3/4'' line with new pressure tanks.
Current owner submitted plans to the county for permitting for 2 new metal buildings. Full set of plans available for the two buildings, each are 60x100 with the one on the north side having an additional 60x40 area giving you 2, 400 sq feet of office space with 2 bathrooms. Owner was planning to hook up to public water off the south side of Star Road and was planning to put in private septic tank on-site.
There is an existing 2-inch water main that runs along the south side of Star Road, and a 16-inch water main that runs along the west
side of Sunshine Grove Road. There is an existing 16-inch sewer force main that also runs along the west side of Sunshine Grove Road. HCUD has no objection to the request, subject to connection to the central water and sewer systems as necessary, per Ordinance, at time of vertical construction (See attached letter from Hernando County).
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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 | $796,000 | $796,000 | $796,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.875% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.154% | 6.031% | 5.991% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,520 | $4,709 | $6,610 |
| Total Monthly Payment | $4,612 | $4,801 | $6,702 |
* 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.