Stunning property with 120 +/- acres of oak hammocks, pine trees, and lush pastures! This property has been described many times as a "gem". The potential of making this property what you would "envision" is truly infinite. Between the income producing venue, 5 beautiful horse paddocks, 2 separate horse barns, and over a quarter mile of water frontage, the possibilities are endless. The event space comprises of a converted horse barn to host plenty of guest's, with a guest apartment upstairs. There is plenty of space on the property to convert this to your forever home, or build your own home and convert this back to a working equestrian space. There is a barn in the back with 5 horse stalls that are in current use. The cabin on the property really brings out rich woods and southern charm comprising of 2 bedrooms, full kitchen, and a full bath with a custom oak shower. The city of Sebring has many amenities and shopping which is minutes away, as well as the Sebring race track!
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Our Executive Mortgage Banker:
Our Insurance Division:
$4,875,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,900,000 | $3,900,000 | $3,900,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.545% | 6.748% | 6.932% |
Monthly Tax Payment | $768 | $768 | $768 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $25,295 | $24,972 | $34,511 |
Total Monthly Payment | $26,188 | $25,865 | $35,404 |
* 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.