Location Location Location! Opportunities are endless at this prime location in Downtown Delray Beach. Build your dream home, or office, or both! Banker's Row is a part of the Historic Old School Square District and steps from Delray's infamous Atlantic Avenue. The lot currently has the original 1930's cottage, with keeping the facade of the current home, the development options are endless. The OSSHAD zoning offers a variety of commercial uses including restaurants, retail, office and financial services. This unique site can offer the right person a live, work, and play experience. Investors and residents alike know the value of this elite enclave of Delray. Notably a property two doors down on same size lot recently sold for $2.85 million, site plan in documents.
211 NE 1st Avenue, Delray Beach, FL, 33444
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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