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Under contract-accepting backup offers. This property is being offered AS-IS as value is in the land on this rare acreage development opportunity in Orange County. The property consists of five (5) platted lots under a single parcel ID number offering 271 feet of total lake frontage across 2. 18 acres of land (94, 833 sf land). Existing improvements on the land include multiple improved structures producing some income-production. Use the income-production to carry your debt service while you decide how to develop the acreage. There is an existing wooden dock servicing the property. The main residential house, which was damaged by fire requires renovation. The property currently has a grandfathered multi-family use under zoning regulations with Future Land Use designation as low-medium density residential. Current zoning is R-1A zoning. Wetland and Boundary Survey identifies lots and existing accessory structures on subject property. This listing presents a rare opportunity to build your custom home and create a masterful lakefront estate overlooking the 78-acre lake, partition the lots for spec building, or develop a small PUD with a shared dock access. Excellent proximity to downtown Orlando, Baldwin Park Village and Winter Park. Great Orange County school district with newer schools.
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$1,950,000
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 | $1,560,000 | $1,560,000 | $1,560,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.385% | 6.223% |
| Monthly Tax Payment | $1,461 | $1,461 | $1,461 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,228 | $9,605 | $13,164 |
| Total Monthly Payment | $10,814 | $11,191 | $14,750 |
* 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.