Opportunities like this come along once in a lifetime. This property has been in the family for over half of a century and has been preserved as a single homestead. Now it can be divided and developed or make a great family compound or divide among multiple friends to have a great piece of heaven, ready to go. What a find, so close in, surrounded by other large parcels, so easy to access Milton, Pace, Jay or Pensacola. All the BEST schools and a gorgeous piece of property to call your own. Dixon Elementary, Sims Middle School and Pace High School. 2 Minutes from 5 points, 990 foot of road frontage makes it easily divided for 3 five acre parcels. This is perfect for a small builder, make your name here! There is a home on the property and freestanding garage that are not available to view. Please do not drive or access property without contacting listing agent. My dad bought this property 55 years ago to make it his home, an old soldiers dream. He preserved it for the next in line. . . . Do what you love but call it work, And throw a little money in the plate at church. Send your prayers up and your roots down deep, Add a few limbs to your family tree, And watch their pencil marks, and the grass in the yard All grow up. 'Cause the truth about it is it all goes by real quick, You can't buy happiness, But you can buy dirt. . . . . there is a great piece waiting on you with a couple of the biggest old oak trees. . . . . bring your dreams! This will only be sold as one parcel. Great homestead! Home needs major renovation. Both home and garage need a roof. Large detached garage is block. Home is in need of repair but would make a great home to renovate and live in while you build your dream! It would make a wonderful place to call home or for extra income. 4 bedroom, 2 bath but the value is in the land. Almost 15 acres of paradise in close in location.
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$700,000
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 | $560,000 | $560,000 | $560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | $436 | $436 | $436 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,679 | $3,722 | $4,723 |
Total Monthly Payment | $4,207 | $4,250 | $5,251 |
* 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.