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Under contract-accepting backup offers. CREATE YOUR DREAM. PRIME LAKE LOT FOR DEVELOPMENT OR RENOVATION OPPORTUNITY NEAR BALDWIN PARK. This buildable lakefront property presents significant development potential for a custom home or a major remodel. New construction is underway next door, with two additional new homes planned on Susannah Blvd. City water and a septic system provide utilities. A survey detailing the normal high-water lines is included in the attachments. NO CONSERVATION AREA DETERMINATION IS REQUIRED. The existing one-story home features 1, 598 square feet, with three bedrooms, one full bath, and one half-bath. This spacious homesite measures 100 feet in width and 167 feet in depth, allowing you to design and build as large as your imagination allows, surrounded by mature trees and a large gravel circular driveway. Please note that the roof and mechanical systems are not suitable for financing or insurance. Envision the possibilities as you bring your vision to life! Experience stunning downtown views and vibrant sunsets from Lake Susannah. Enjoy a short walk to Baldwin Park Village Center, Cady Way Trail, shopping, and dining options. Just minutes away from Downtown Orlando, Winter Park, major highways, and much more. Don’t miss this fantastic opportunity!
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Our Executive Mortgage Banker:
Our Insurance Division:
$875,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $700,000 | $700,000 | $700,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.727% | 6.540% |
Monthly Tax Payment | $855 | $855 | $855 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,253 | $4,482 | $6,050 |
Total Monthly Payment | $5,200 | $5,429 | $6,997 |
* 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.