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Under contract-accepting backup offers. Home is back on market due to Buyer's loan application was denied. ***RECENT PRICE REDUCTION!!!*** Take a look at this beautiful 6. 3-acre property, less than ¼ mile from the Carney Island Park entrance on Lake Weir. It’s zoned for agriculture and features open, fenced fields along with mature trees and wooded areas. Once an orange grove 32 years ago, it now offers a peaceful, almost nature-preserve-like setting.
Behind the property, there’s a large retention pond area and several acres of green space managed by Marion County.
The house has cedar trusses and wood floors but needs a new roof and interior renovations. It has a solid structure, perfect for starting your dream home. An extra-large carport is attached to the side of the house, and a short walk from the back leads to a three-sided Adirondack-style shed, ideal for storing a tractor and equipment.
The property includes a brand new hot water tank, and the A/C was updated in 2022. The old fuse box was upgraded to a circuit breaker panel 15 years ago. The house is on well and septic, with city water available at the street.
Consider getting a Carney Island Park pass from Marion County Parks & Recreation. The park has several boat ramps, large staging area, huge boat parking lots and clean bath houses. Begin to enjoy boating and swimming in Lake Weir, or hiking the nature trails within the park. Call now to schedule your showing! ***RECENT PRICE REDUCTION!!!***
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William Raveis Real Estate
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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 | $228,000 | $228,000 | $228,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.042% | 6.160% |
Monthly Tax Payment | $81 | $81 | $81 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,498 | $1,498 | $1,909 |
Total Monthly Payment | $1,654 | $1,654 | $2,065 |
* 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.