Tranquil Living on 12. 56 Acres in Spring Lake Area!! Nestled at the corner of Lake Iola Road and Johnston Road in the coveted Spring Lake Area, this expansive 12. 56-acre property offers a rare opportunity for serene country living with endless possibilities for residential and agricultural pursuits. With its agriculture zoning, this property is not only an idyllic setting for a custom-built home but also presents an excellent opportunity for those looking to cultivate their own slice of paradise. Imagine waking up to panoramic views and enjoying the peace and privacy offered by this expansive parcel. Additionally, the presence of two wells ensures reliable access to water, enhancing the property's appeal for agricultural endeavors or simply maintaining lush gardens and landscaping. Surrounded by the natural beauty of Spring Lake Area, this property offers more than just land—it offers a lifestyle enriched by tranquility and scenic vistas. Whether you're envisioning a private retreat or a productive agricultural venture, this location provides the canvas to bring your dreams to life. Don't miss out on this extraordinary opportunity to own 12. 56 acres of prime real estate in one of Spring Lake's most desirable locations. They are also building an RV resort and water park across the street! Lots of opportunity for development! Whether you're looking to build your dream home or embark on an agricultural venture, this property offers the perfect blend of location, infrastructure, and natural beauty. Explore the possibilities and imagine the life you could create in this lovely Spring Lake property.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,000,000
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 | $1,600,000 | $1,600,000 | $1,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,245 | $10,378 | $14,048 |
Total Monthly Payment | $10,370 | $10,503 | $14,173 |
* 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.