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Excellent opportunity to acquire two adjacent parcels sold together in the Princeton area. This unique offering features dual street access, with one parcel fronting SW 220th Street and the second parcel providing full access to SW 221st Street Rd, offering flexibility for future planning and development.
The property features residential and commercial zoning classifications (BU-1, RU-1), providing multiple possibilities for use and development, subject to County regulations and approval.
The sale includes Folio 30-6913-000-0190, a parcel totaling approximately 0. 85 acres, and Folio 30-6913-001-0020, totaling approximately 0. 17 acres.
Parcels must be sold together, representing an excellent opportunity for residential development, investment, or future construction. The property is located in the growing Princeton area, surrounded by established residential neighborhoods with convenient access to US-1, SW 220th Street, schools, and nearby commercial areas.
Buyer responsible to verify zoning, land use, utilities availability, and development requirements with Miami-Dade County.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
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 | $1,200,000 | $1,200,000 | $1,200,000 |
| 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 | 6.350% | 6.361% | 6.223% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,195 | $7,389 | $10,126 |
| Total Monthly Payment | $7,320 | $7,514 | $10,251 |
* 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.