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Prime Corner Property in Vermont Heights – Ideal for Development or Investment Presenting a unique opportunity to acquire a combined property comprising two adjacent parcels: 4104 Vermont Blvd and 3381 Fourth St, offered as a single entity. Nestled in the tranquil, rural community of Vermont Heights, this corner lot offers both immediate utility and long-term potential. ? Located just west of I-95 and off State Road 207, one of the main arteries leading into St. Augustine, ensuring easy access to major routes. ? Situated in the unincorporated community of Vermont Heights, known for its peaceful ambiance and proximity to local amenities. ? Combined Lot Size: Approximately 0. 34 acres, offering ample space for various uses. ? Existing Structures: An older, single-wide mobile home is currently on the property, providing immediate occupancy or rental potential. ? Utilities in Place: The property is equipped with a working well, electricity, and septic system, facilitating immediate use or redevelopment. ? Zoning: The property is zoned RS-3, allowing for residential development and given the corner location and existing zoning, the property could potentially be divided into three 50 x 100-foot lots, subject to local planning and zoning approvals. ? Priced at $195, 000, this property offers a cost-effective entry into the St. Augustine real estate market. ? The owner is open to considering all reasonable offers, providing flexibility for potential buyers. ?
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$195,000
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 | $156,000 | $156,000 | $156,000 |
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 | 7.007% | 7.063% | 6.132% |
Monthly Tax Payment | $21 | $21 | $21 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $973 | $1,025 | $1,306 |
Total Monthly Payment | $1,069 | $1,121 | $1,402 |
* 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.