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Fantastic Commercial Oppurtunity. Property is currently zoned GC-1 general commercial one which alows commercial use. City is currently remapping and changing zoning and use to the New Central Bussiness District downtown which is proposed to inlarge the downtown area and increase growth potential and future bussiness. The adjoing property 105 Central Ave is for sale MLS#261613 with the additional purchase it would be a combined land area of . 57 of an acre which is a rare & great commercial development oppurtunity in the main corrider at the lake and right in the heart of downtown, it doesnt get any better. 14 Lake St the property is priced at land value only, the home was built in 1915 and is a pretty much a tear down or a complete renovation needed. Buyer to verify intended use with zoning with the City of Crescent City and Putnam County, the zoning codes & designation of uses are proposed to change in coming months.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $127,200 | $127,200 | $127,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.230% | 6.512% | 5.866% |
| Monthly Tax Payment | $182 | $182 | $182 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $752 | $794 | $1,048 |
| Total Monthly Payment | $1,009 | $1,051 | $1,305 |
* 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.