GREAT INVESTMENT OPPORTUNITY! Discover the potential of this building site, consisting of six (6) contiguous platted sites for three (3) duplexes - totaling six (6) units. The Glen, a desirable 55+ community located in central Beverly Hills. The Glen features privately owned, attached villas in a park-like setting, and this is your chance to expand this popular community by adding six (6) new units/three (3) buildings. Convenient to the Beverly Hills community center and various county amenities, residents will appreciate the proximity to banks, medical offices, shops, and restaurants. Enjoy the beauty of Citrus County with its abundant waterways and diverse activities. The Glen is a charming neighborhood adorned with beautiful oaks and pine trees, adjacent to Central Ridge Community Park, which offers tennis courts, a horseshoe club, shuffleboard, walking paths and picnic tables. This desirable location is within minutes of shopping, local eateries, medical facilities, and more. The property includes public water and sewer, with low HOA fees - NOT CHARGED until the property is developed - HOA covers grounds maintenance, exterior paint, roof, trash pickup, basic internet/cable, and irrigation. Don’t miss out on this rare opportunity to invest in and enhance this sought-after neighborhood. Experience the charm and convenience of The Glen today!
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William Raveis Real Estate
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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 | $68,000 | $68,000 | $68,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $452 | $447 | $573 |
Total Monthly Payment | $527 | $522 | $648 |
* 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.