Discover the endless possibilities with this expansive 7-acre property in the serene Groveland Farms! This block home, set on a sturdy 3-foot slab, ensures peace of mind with no concerns. Enjoy the luxury of your own private pool, perfect for relaxation and entertaining. The home was built for comfort and has had significant updates, including a NEW ROOF & A/C installed in 2022 and a septic system that was pumped in the same year. While the property does require some TLC, the motivated owner is eager for a quick closing, making this an ideal opportunity for those looking to create their dream oasis. PASSED 4 POINT INSPECTION FOR INSURANCE SUMMER 2024!With no HOA restrictions and the potential for only one home per 5 acres, you have the freedom to customize this space to your liking. This property also holds a piece of history, adding character and charm to your future home. Embrace the tranquility of country living while still being conveniently located near local amenities. Don’t miss out on this unique chance to own a slice of paradise!
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Our Executive Mortgage Banker:
Our Insurance Division:
$400,000
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 | $320,000 | $320,000 | $320,000 |
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% | 7.159% | 6.518% |
Monthly Tax Payment | $224 | $224 | $224 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,183 | $2,127 | $2,744 |
Total Monthly Payment | $2,482 | $2,426 | $3,043 |
* 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.