NW Mershon STREET, Lake City, FL, 32055 | $199,900

Discover Your Oasis: 25. 25 Acres in Lake City, FL with Unlimited Potential

Set in the serene surroundings of Lake City, FL, this 25. 25-acre property has a unique combination of natural beauty and limitless potential. The land is predominantly flat and wooded, with a mix of wetlands, and approximately 8 acres of dry, buildable space, ideal for constructing your dream home, a family estate, or a secluded retreat. The property also boasts valuable timber, providing both aesthetic appeal and the opportunity for income.

Zoned agricultural, the property permits a variety of dwellings, including single-family homes, mobile homes, modular homes, manufactured homes, and even tiny homes (minimum 450 sqft). Additionally, it makes it ideal for the raising of livestock and poultry, or cultivation of field crops, fruits and other similar uses. Although the property does not have direct road frontage, it benefits from an access easement that leads up to the street, providing access to the land.

Conveniently located near major cities, including Jacksonville (65. 5 miles), Gainesville (67. 5 miles), and Orlando (171 miles), with attractions like Ichetucknee Springs State Park (31. 7 miles) and Walt Disney World Resort (165 miles) within driving distance, this property has both tranquility and access.

Whether you're looking to build, establish an agricultural venture, or create a private sanctuary, this property has endless possibilities. Don’t miss your chance to own a piece of Florida’s natural charm.

Features

  • Lot Size: 833.55, 1318.36, 831.81, 1304.
  • MLS#: O6259374
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /prop/O6259374/nwmershonstreet_lakecity_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/24/2024 2:05:56 PM)
Listing courtesy of BEYCOME OF FLORIDA LLC   Phone: 804-656-5007

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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NW Mershon STREET, Lake City, FL, 32055

$199,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $159,920 $159,920 $159,920
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 $1,064 $1,063 $1,371
Total Monthly Payment $1,139 $1,138 $1,446

* 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.