Come take a look at this Excellent Opportunity to own 13 acres in rural Lady Lake. This 4 bedroom 2 bath home (with a 2 car garage) was built in 1966 and has plenty of space with over 2000 square feet and lots of opportunities to update / upgrade. The 13 acres of land is broken in to 2 parcels. The home sits on approximately 2/3rds of an acre and an additional 12. 3 acres of land comes with the sale, and together form a large nice rectangular property. The additional parcel has never had a home built on it, so it should allow for the construction of at least one additional home and/or outbuildings. The existing structure had a series of upgrades around 2012 with new windows, roof and AC at that time. Walking in, you are greeted by a foyer which leads you into either your large living area with a large lanai off to the rear or your kitchen/dining area off to the right. There is a full master suite on the far Northwest wing of the home with sliding glass doors leading out to the Lanai. An additional 3 bedrooms and bathroom lie in the hall in route to the Master Suite. If you desire a family compound, consider purchasing the 20 acres available next door with a 1930's cottage on it for $545, 000 (MLS#G5088259) for a total of 33 acres and 3 parcels. Come take a look today while this remaining piece of Rural Lady Lake is still available. Conveniently located to The Villages, Lake Griffin and Leesburg. Don't forget to bring the Horses, RV's and ATV's!
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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 | $420,000 | $420,000 | $420,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.171% | 6.518% |
Monthly Tax Payment | $221 | $221 | $221 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,865 | $2,791 | $3,601 |
Total Monthly Payment | $3,178 | $3,104 | $3,914 |
* 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.