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Property Description
Prime Development Opportunity Exceptional opportunity for builders, developers, and investors! This approximately 0.8-acre parcel offers the potential to develop up to six residential units, including six single-family homes or townhomes / condominiums, subject to applicable zoning and development approvals. The property is already gated and fully fenced, with relatively level terrain, minimizing the amount of grading and site preparation needed. A previously existing residence has been demolished, leaving the property ready for its next chapter. Additionally, retaining walls are already in place along three sides of the property, providing additional site improvements and potential savings for future development. Whether you’re looking to build six rental properties, develop and sell individual residences, or create a multi-unit residential project, this property presents an excellent opportunity to bring your vision to life. Highlights: * Approximately 0.8 acres * Potential for six residential dwellings * Suitable for exploring single-family or townhome development * Gated and fenced parcel * Relatively level land * Existing retaining walls along three sides * Previously existing residence demolished * Minimal grading anticipated A rare opportunity to acquire a development-ready parcel with substantial groundwork already completed!
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Assumptions and Disclosures
- Interest rates and APRs presented are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables – call for details.
- This is not a credit decision or a commitment to lend.
- Depending on loan guidelines, mortgage insurance may be required
- If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available.
- APR (annual percentage rate) reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, discount points (also referred to as “points”), and loan-origination fees. One point is 1% of the mortgage amount (e.g., $1,000 on a $100,000 loan).
- Your monthly payment is not based on APR, but instead on the interest rate on your Note.
- Adjustable Rate Mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period.
- These special rates presented here are only available when you pre-qualify and are not guaranteed until lock-in.
- Amounts may be rounded up. Additional fees and closing costs apply. If the down payment is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR.
- Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
- Please contact a loan specialist to get specific payment examples and information regarding your particular needs.
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