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Presented by
The One Team |
PRICE REDUCED! Spectacular nighttime views with Cedar River waterfront. Great property for a magnificent single estate or two to four single family homes with a private drive. The navigability to the St Johns River, downtown Jacksonville, the Intracoastal Waterway & Atlantic Ocean is a boat owner's dream. Also a potential investment property for a savvy developer since the property is Zoned RMD-D for up to 19 units/acre. There is a layout for 5 separate waterfront lots (see documents) that have been preliminarily approved by the City of JAX who also previously approved a design for 9 spacious condo units (see drawings in documents). Designs & approvals must be verified, updated, & finalized by Buyer. Over 400' of bulkhead on the waterfront & approved for renewal of existing permit. Single dock is also approved by the State or could be permitted for a community dock. Existing recorded agreement affords new owner access to up to 10 residential sewer connections at existing lift station Possible multiple or common dock use for condo or townhouse project. Concurrency on file with City of Jacksonville. This is a wonderful & rare opportunity for a developer or someone that wants a private, gated estate or family compound with a lot of river frontage.
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Our Executive Mortgage Banker:
Our Executive Mortgage Banker:
Our Insurance Division:
$399,900
Sales Associates
William Raveis Real Estate
Phone: 860.850.0500
OneandCompany@raveis.com
VP, Mortgage Banker / Production Manager
William Raveis Mortgage, LLC
Phone: 203.305.5736
Kevin.DeTullio@Raveis.com
NMLS Mortgage Loan Originator ID 1724767
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.415.2989
Brian.Skelly@raveis.com
NMLS Mortgage Loan Originator ID 793093
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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 | $319,920 | $319,920 | $319,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,970 | $2,048 | $2,678 |
| Total Monthly Payment | $2,045 | $2,123 | $2,753 |
* 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.