Under contract-accepting backup offers. This gorgeous property is exceptionally located, easily accessible, and offers great investment opportunity. Buy the entire property (62 +/- acres) for $1, 500, 000. OR buy just the eastern half (31 +/- acres) for $775, 000. OR buy just the western half (31 +/- acres) for $850, 000. Park model trailer is also available if interested. The eastern half, zoned agriculture, is accessible from CR469 and consists of approximately 31 acres of hay fields, a cattle pond, and a range for target practice. It consists of one large parcel. The western half, zoned residential and agriculture, is accessible from CR710. It includes a garage, a barn, an RV parking pad, and a pond-side pavilion. It consists of five (5) parcels. Property taxes for the entire property were $960 in 2023. There was a home on the west side of the property about 15 years ago. The owner removed the old house and designed a large, custom home for the property and will include the construction plans in the sale if desired. Presently, the property is set up for an RV. This property offers a convenient retreat, although development is moving towards Center Hill from the east and north. As Center Hill grows, this property will be central to future development.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.304% | 6.762% | 6.725% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,585 | $7,684 | $10,453 |
Total Monthly Payment | $7,710 | $7,809 | $10,578 |
* 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.