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Entitled 10 acre corner property at the lighted intersection of 44-Bypass and 44A in Eustis Fl.
There is 450 new homes across the street, plus 100 homes next to this property. 950 new homes are approved on the opposite side of the lighted intersection. Making this approved retail center a perfect investment.
The site plan is approved, there is a Developers Agreement signed by the City of Eustis. There is water, sewer and gas at the front of the property.
An additional 2. 9 acres can be purchased contiguous with this property fronting 44A if needed, it is currently approved and zoned warehousing. both properties are in the City of Eustis.
I am a licensed Realtor and the owner/seller. I will hold a mortgage with interest only terms.
8% for the first 2 yr term, and 9% for the second 2 yr term. No prepayment penalty
Terms and purchase price can be adjusted if builder wants to provide a white box unit anywhere on the property.
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$2,900,000
William Raveis Real Estate
Phone: 888.699.8876
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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 | $2,320,000 | $2,320,000 | $2,320,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.235% | 6.203% |
| Monthly Tax Payment | $4 | $4 | $4 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,724 | $14,097 | $19,577 |
| Total Monthly Payment | $13,853 | $14,226 | $19,706 |
* 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.