|
RARE FULLY-PERMITTED HOMESITE IN WEDGEFIELD — BUILD WITHOUT THE WAIT
Skip 12-18 months of permitting headaches and avoid roughly $36, 000 in consultant and mitigation costs. This 1. 03-acre parcel in the sought-after Wedgefield community (Cape Orlando Estates) comes with all three wetland authorizations already secured: Orange County, U. S. Army Corps of Engineers, and Florida DEP. The wetland delineation is complete and accepted by all three agencies, with 0. 65 acres of fully approved buildable area ready for your dream home.
Wetland mitigation credits are reserved and transferable with the sale — meaning your build can break ground without the entitlement risk, delays, and expense that come with raw land. Bring your builder and your house plans; the hard part is done.
Wedgefield offers the best of rural estate Orlando living — room to breathe, an equestrian-friendly community, and no rear neighbors — all within easy reach of SR-528, Orlando International Airport, and the Space Coast beaches. Lots like this, with the permitting fully cleared, simply don't come along often.
HIGHLIGHTS:
- 1. 03-acre lot in established Wedgefield community
- All 3 wetland permits secured (County, USACE, FDEP)
- 0. 65 acres approved buildable area
- Mitigation credits reserved & transferable with sale
- No HOA build restrictions typical of the area; equestrian-friendly
- Minutes to SR-528, MCO airport, and Space Coast
- Ready for immediate home construction
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$150,000
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $120,000 | $120,000 | $120,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.358% | 6.640% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $719 | $758 | $996 |
| Total Monthly Payment | $794 | $833 | $1,071 |
* 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.