16. 5 acres. Beautiful property with mature oak trees. There is approximately 255' of highway frontage on Florida SR 50. Florida Department of Transportation is currently undergoing a widening project which increases capacity and improves safety performance on the segment of SR 50 from East of County Road 478A to the Sumter/Lake County line. This project will widen this segment of SR 50 from two lanes to four lanes. Access to the property will be from CR 739/784. Current zoning is: unclassified
Parcel S24-013 (16. 5 acres) is outside the urban development area, has a future land use of Agriculture, and a zoning assignment of A10C. As far as permitted uses of the property such as residential the zoning will allow a single dwelling unit since the parcel is a minimum of 10 acres; however, since the parcel is under 20 acres it could not be subdivided for residential purpose.
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Our Executive Mortgage Banker:
Our Insurance Division:
$497,000
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 | $397,600 | $397,600 | $397,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.802% | 5.990% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,579 | $2,546 | $3,302 |
Total Monthly Payment | $2,654 | $2,621 | $3,377 |
* 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.