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Come build your Dream Home!! Your home would sit on pristine 5. 51 acres in Wandering Ponds Subdivision with NO HOA! Beautiful view of a conservation pond. Well already on the property. This quaint quiet neighborhood consists of 11 large lots for estate homes to be built. No mobile homes allowed and the base heated sq ft of the home must be at least 2400 sq ft. Approx. 2. 91 acres where you would build the home is High and dry buildable property and Approx. 2. 60 acres is located in AE flood zone. Fill dirt was added by the previous developer to raise the pad area above the base flood elevation by 3 vertical feet to build the home. This is not reflected on the current flood zone map. Developer filed a letter of Map Revision-Fill (LOMR-F) with FEMA which FEMA has acknowledged and is on file. Lake county Public Works Flood Zone Department stated house pad is ready to build on. The property is in a great area and at the end of a Cul-de-sac. Only 5 minutes from Publix and 15 minute drive to Downtown Mount Dora. Don't Wait, call today so you can start building the home of your dreams!!
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:
$359,900
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 | $287,920 | $287,920 | $287,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.112% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,796 | $1,891 | $2,410 |
Total Monthly Payment | $1,871 | $1,966 | $2,485 |
* 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.