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About this home
175 W Chapman Rd is a home in Cabell Estates, Oviedo. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
2.4 acres with 400' frontage on 4-laned Chapman Road located at full access median cut. Site includes 121 W. Chapman Road and 175 W. Chapman Road with potential for offsite improvements on the lots to the east of this site. Site is part of a planned 5.25-acre mixed-use development. Zoned OC - mixed use allows 24 residential units / acre for total 56 units. For smaller investors, owner willing to sell sites individually for a possible 34-unit development and 22-unit development. Owner is currently working with the City of Oviedo to create a mixed-use development. Owner is also working with Seminole County for access to sewer (across street). Seminole County water located at front of site. 2 homes located on property are currently leased month to month for $4,000 per month.
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$2,000,000
Time on market
162 days
Monthly payment
About $12,074/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $7,711 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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