Unleash your imagination with this extraordinary investment opportunity in Odessa's Keystone Park! Spanning 1. 86 acres of land, this property holds immense potential for development and transformation. Nestled within this expansive parcel is a double-wide mobile home, that is not currently inhabitable. The property is being sold for the pristine value of the Odessa land, making it an exceptional investment opportunity. This property offers a unique opportunity with existing old home and building structures awaiting removal, granting you the freedom to envision and construct a modern living space that aligns with your lifestyle. With its expansive corner lot, it provides the perfect canvas to design and build a custom residence precisely tailored to your preferences.
While the existing mobile home may require removal, the property is equipped with its own well, power pole, and septic tank. It also features an extra septic tank, well, and power pole, offering flexibility for new construction, or additional mobile homes.
Nestled on a quiet dirt road, enjoy the tranquility of rural living while still being within reach of urban conveniences. Don't miss this chance to escape the confines of an HOA and create the lifestyle you've always dreamed of in Keystone Park!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $400,000 | $400,000 | $400,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,628 | $2,659 | $3,373 |
Total Monthly Payment | $2,720 | $2,751 | $3,465 |
* 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.