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The value in this property is based on the acreage and what the possibilities are for expanding on the options of a new community. You have utilities already connected for the existing homes located here on the property so that is a great start. If you are a developer looking to expand your ventures this is a must see area of Tavares. Located minutes to all the everyday needs of the consumer and recreational ventures all around, minutes also to local boat ramps, fine and casual dining experiences. This could be one exciting venture to get into with all the possibilities. Located in the central area of the county, is what makes this a wise choice when choosing a spot for a new community. The options are here if you just bring your imagination. You just never know. The property is occupied so please do not access with out an appointment. Farm animals are also present so agent must accompany.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,700,000
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 |
|
|---|---|---|---|
| Loan Amount | $2,160,000 | $2,160,000 | $2,160,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.362% | 6.385% | 6.223% |
| Monthly Tax Payment | $399 | $399 | $399 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,950 | $13,299 | $18,227 |
| Total Monthly Payment | $13,474 | $13,823 | $18,751 |
* 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.