First time on the market in more than half a century, these historic "Bakers Dozen", or THIRTEEN LOTS platted as individual sites in 1926 and owned by the same family since the 1950's are now available to new visionaries who want to be a small part of shaping the future of Umatilla. As 2024 comes to an end in Central Florida these last years have seen dizzying changes in zoning and growth with new roads and new neighborhoods and new ideas about how the next generations think about real estate and "homesteads". 100 years ago when this grid of numbered streets and "city sized" 115x25 ft lots were platted in East Umatilla there was a vision and a dream. Today, research will show you that there are currently no parcels made up of singular lots, but over the years the adjacent streets have been allowed to create homesteads consisting of two lots, three lots and even large "estate lots" made of of six or more of the original platted "city sized" lots. **CURRENT 2024 LAKE COUNTY ZONING** We have attached to this listing a letter from Lake County from September 2024 that recommends making either two "estate sized" homesteads consisting of 6 lots and 7 lots or redrawing property lines to make 3 homesteads through a Lot Line Deviation process with each parcel containing a minimum 12, 500 sq. ft. These recommendations are based on the most current (and ever changing) building regulations and setbacks. Buyers will need to do their own due diligence and submit ideas to Lake County on their vision of the highest and best use of this gorgeous land. We are listing this entire 13 lot parcel and also simultaneously listing it as two estate lots. (See MLS #s O6260149 and O6260020). If one of the smaller estate size lots sells first this 13 lot package (and the flexibility and options 13 lots allows) will be removed so ACT FAST if you want the entire 13 lots. This is a PERFECT opportunity for extended families, investment groups, crowd funding real estate, and like minded visionaries as it is already in 13 nice tidy shares. Great location walking distance to beautiful North Lake Regional Park and the Umatilla Agri-tourism treasure - *Sunsational Farms*! Minutes by car to charming downtown Umatilla. At the doorstep of the Ocala Forest this property is in a brilliant location within "Nature's Hometown".
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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 | $120,000 | $120,000 | $120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $829 | $808 | $1,021 |
Total Monthly Payment | $904 | $883 | $1,096 |
* 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.