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625 Mathews Rd, Altamonte Springs, FL 32714
Two Vacant Lots – Potential for Future Development!
Total Land Size: 1. 94 Acres (Two Lots: 0. 97 Acres Each)
Dimensions: 264’ Frontage x 320’ Depth
Zoning: A-1 (Agricultural) | Future Land Use: LDR (Low-Density Residential)
Incredible opportunity to acquire two adjacent lots totaling 1. 94 acres in the rapidly growing Altamonte Springs area! Positioned along Mathews Rd with 264 feet of road frontage, this land offers excellent accessibility and a strategic location for future development or investment.
Property Features:
Two adjacent lots – Sold together for a total of 1. 94 acres
Frontage on Mathews Rd – 264 feet of visibility & easy access
Zoned A-1 with Future Land Use: LDR – Potential for residential or planned development
Strategic Location – Adjacent to city-owned retention and PD-zoned parcels
Possible Path to PD Zoning (Planned Development) – Buyer to verify with Seminole County
Ideal for Builders, Investors, or Land Bankers
Prime Location Highlights:
Minutes from SR 434, SR 436, and I-4
Close to Altamonte Springs retail, restaurants, and employment centers
Adjacent to established and upcoming residential & mixed-use developments
Strong demand for residential housing in the area
Easy access to Lake Brantley, Wekiva Springs, and area amenities
This strategic land opportunity offers flexibility for future development, residential projects, or long-term investment. With its ideal location and potential zoning pathways, this property presents strong upside for developers, builders, or investors looking to capitalize on the area's growth.
For more details, zoning verification, or to schedule a site visit, book an appointment today!
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Our Executive Mortgage Banker:
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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 | $931,200 | $931,200 | $931,200 |
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% | 6.560% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,658 | $5,963 | $8,048 |
Total Monthly Payment | $5,783 | $6,088 | $8,173 |
* 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.