PERFECT ACREAGE HOMESITE. Build your dream home on this . 99 acre lot in the quiet and family-friendly community of Rainbow Lakes Estates in Dunnellon. Easy to clear lot with 135 ft. street frontage and a depth of 320 ft. Lot elevation higher than the road. Paved roads. No HOA. Zoned R-1 for site built homes only, no mobile homes. The property is just a couple of blocks (0. 05 mile) walking distance to to the Rainbow Lakes Community Center facing Lake Bonable which features a library, children’s playground, fishing pier and other recreational facilities. The subdivision features 3 lakes: Tiger Lake, Lake Bonable, and Little Lake Bonable where residents can go boating and fishing. Public boat ramp is available for area residents. Enjoy country style living away from the hustle and bustle of the city but close to city amenities. Conveniently located just few minutes drive to downtown Dunnellon, shopping, restaurants, medical facilities, public park and other amenities. Enjoy outdoor activities like kayaking, boating, swimming and fishing just minutes away at the crystal clear Rainbow River and the Rainbow Springs State Park. It is around 30 minutes drive to Ocala. Ready to build your new home now? Inquire about our partner builders who can provide you different home models, floor plans and price ranges to choose from. Property is eligible for a No Down Payment new home construction loan.
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Our Executive Mortgage Banker:
Our Insurance Division:
$29,900
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 | $23,920 | $23,920 | $23,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $159 | $159 | $205 |
Total Monthly Payment | $234 | $234 | $280 |
* 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.