20 acres high and dry. No floodzone or wetlands. No HOA. Privacy, peace and quiet. Current agricultural exemption for pine trees. Property taxes less than $100 last year. Pine trees will be very valuable if you let them grow. Road is asphalt millings. No HOA but $290 annual road maintenance fee. Deed restricted No mobile homes along with neighbors to North, East and West. You can build 2 homes on property: a main home and an accessory dwelling. Property taxes currently less than $100 a year due to Agricultural Exemption for pine trees. After pines were last harvested about 9 years ago, some fully grown pines were left to naturally reseed the forest. So existing pines are not in rows and woods are a mix of pines, oaks and other trees. Publix, gas and restaurants 10 minutes away. Short drive to Wekiva Parkway (SR429) for quick travel all over. Lake Norris Conservation area & kayak/canoe launch is very close by. BlackBear Country Club and restaurant (golf) are very close. Short drive to public boat launch on St Johns River at Ed Stone Park and Boat Ramp. Short drive to downtown Mount Dora with some of the best restaurants and festivals in Central Florida.
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Our Executive Mortgage Banker:
Our Insurance Division:
$469,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $375,200 | $375,200 | $375,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,465 | $2,494 | $3,164 |
Total Monthly Payment | $2,540 | $2,569 | $3,239 |
* 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.