We feel this is an appropriate time for a Field of Dreams movie quote “If you build it, he will come. ” We would like to suggest it read, “they” will come, because we feel they would. There is no question development is all around us in Sumter county. Growth and change is hard in a rural community but Florida is at an all time high demand for housing, especially in central Florida. This particular parcel offers easy commute to Tampa or Orlando within an hour, The Villages community within 25 minutes, and everything else that the heart of central Florida gets to brag about. Wesley Chapel, Zephyrhills, Dade City, Groveland, Mascotte, Lakeland, etc are all busting at the seams and putting pressure our way. Here we have 300 acres (302 to be exact) that is prime for development. Close to existing city limits. Already included in the joint planning area of Webster. With access to city water and city sewer across the street which is a huge benefit for a property this size and not easy to come by.
It’s gorgeous, flat, dotted with towering oak trees, paved road access, and for what it’s worth it has a beautiful spring fed pond. Imagine a 5 or 10 acre ranchette community or maybe a deed restricted community with 4 units per acre. A higher density is not out of the question but that would require much deeper conversations with the planning and zoning department for the city. Any zoning changes would require city of Webster annexation and a land use change. Comparable sales for properties in the south end of the county come close to the asking price and those were without the benefit of access to city services. The seller is open to offers but like they say, price goes with vision and the seller has a big vision. Site visits by appointment only. There is currently livestock on site, please do not open any gates. Pictures, drone footage, and renderings coming soon. Call today.
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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 | $12,000,000 | $12,000,000 | $12,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $77,832 | $76,837 | $105,359 |
Total Monthly Payment | $77,957 | $76,962 | $105,484 |
* 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.