6. 4 acre homesite is zoned open rural with a future land use of Res B. 534 ft of frontage on County Road 208 and is on the corner of Cabbage Hammock Rd, making for excellent visibility and easy access. Before the current ownership, this property was used as an assisted living/retirement home. The block structure has a large lanai, two bedrooms, two bathrooms, a living room, a kitchen with a hot plate, and private access. There is also a one-bedroom, one-bathroom with a living room, fully equipped kitchen, and private access and fenced yard. Two additional block buildings were previously used as bedrooms for the assisted living facility and are currently used for storage. In addition the property has a three bedroom, two bathroom mobile home with a heated/cooled back porch and attached two car garage. There is also an additional impact credit should you wish to add another residence. Future land use of RES B allows up to six residences. Location is critical, and there are several allowable business uses with open rural zoning. The opportunities are? for the amount of acreage and permissible uses in such a desirable area.
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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 | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $501 | $501 | $501 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,720 | $3,717 | $4,716 |
Total Monthly Payment | $4,313 | $4,310 | $5,309 |
* 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.