39 acres of old school Florida property located on Highway 318 road frontage in beautiful Orange Springs including pasture lands, large grand oaks, tall pines, palm trees, a small pond and more. The property has two houses; one has been completely renovated and is move-in ready. It includes 2 bedrooms, 2 bathrooms and 736 living square feet under heat and air. There is an enclosed 160 sf front porch that leads into the home. Upon entering you will see an open floor plan with cathedral ceilings, laminate flooring and an updated kitchen with stainless steel appliances and eat in the kitchen area. Main bedroom has laminate flooring as well as the main bathroom including shower, storage closet and single vanity. Guest bedroom also includes laminate flooring and leads to the guest bathroom with a new steel tub and tiled shower surround. Back room is 96 sf and includes connections for washer and dryer and additional space for storage. The additional house, which was built in 1948 with 754 sf, 2 bedrooms and 1 bathroom, could be restored and/or used for storage/workshop. Property also includes a 26'x22' pole barn with metal roof and an additional 26'x13' storage metal building.
The property is surrounded by numerous lakes and waterways nearby, so if you are a fisherman, or hunter or simply love hiking, canoeing or kayaking, you are in luck! Minutes to Ocklawaha River, Ocala National Forest, and many clear, natural springs (Salt Springs, Silver Glen Springs, Juniper Springs) where horseback and walking trails, and off-road vehicle trails await your explorations. Also within minutes to Ocala World Equestrian Center or Gainesville, home of the national championship Gators of the University of Florida. One-of-a-kind property with its unique location!
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William Raveis Real Estate
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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 | $552,000 | $552,000 | $552,000 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $445 | $445 | $445 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,672 | $3,669 | $4,655 |
Total Monthly Payment | $4,209 | $4,206 | $5,192 |
* 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.