Under contract-accepting backup offers. Auction Property. Unlock the potential of this fixer-upper nestled in the picturesque town of Oak Hill, Florida! Set on approximately 0. 91 acres and featuring a manufactured home on a permanent foundation, this property offers three bedrooms, two bathrooms, and central air conditioning, providing a comfortable living space ripe for customization. Ideal for fix and flip investors, rental property owners, or first-time buyers, this home presents a prime opportunity to capitalize on Oak Hill's thriving real estate market. With ample land for expansion or outdoor recreation, this property promises endless possibilities for those with a vision to transform it into their dream home. Embrace the laid-back lifestyle with its array of outdoor activities and local attractions. Nature enthusiasts can explore the pristine landscapes of nearby Canaveral National Seashore, renowned for its untouched beaches and diverse wildlife. Fishing and boating enthusiasts will delight in the abundance of waterways, including the Indian River Lagoon, offering endless opportunities for aquatic adventures. Whether seeking outdoor thrills, cultural experiences, or a tranquil retreat, Oak Hill offers a charming coastal lifestyle that beckons residents and visitors alike.
All potential Buyers are requested to check with the City, County, Zoning, Tax, HOA (if any), Schools, and other records to determine all details on this property listed above to their satisfaction. The Buyer is responsible for performing their due diligence before bidding. Don't miss your chance to invest in this hidden gem of Florida's east coast!
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William Raveis Mortgage, LLC
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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 | $58,000 | $58,000 | $58,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $166 | $166 | $166 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $386 | $385 | $489 |
Total Monthly Payment | $627 | $626 | $730 |
* 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.