A RARE OWNER FINANCED SECLUDED 1. 44 ACRES LOCATED IN THE OCALA NATIONAL FOREST! This gorgeous wooded property is divided up into four individual lots totaling 1. 44 acres. There is a dilapidated singlewide mobile home on it of no value. The value is in the beautiful tucked away land. Lot 55 is 100x125. Lot 56 is 100x125. Lot 57 is 100x125. Lot 69 is 125x200. Lot 57 is the lot with the single wide mobile home on it (16890 SE 1st LN, Silver Springs, FL 34488). All high and dry wooded land. The property fronts on two streets, being SE 1st LN and SE 2nd PL, Silver Springs FL, 34488. The Ocala National Forest boundary is just 500 feet away. This is an excellent site for ATV Riding, Hunting and fishing. Winn Dixie shopping center, bank, CVS and more are just 5 minutes away. Property is zoned R4 which allows either a mobile home, modular, stick built or concrete block home. So pull out the old singlewide and bring in a new replacement home. Or set up multiple homes for rental income and investment property. Or just let it be a fabulous camp site or family compound get away. A great property at a great price of $60, 000 cash or seller will accept half down payment ($39, 000) and Seller will finance the balance ($30, 000) at 6% interest for 5 years at $579. 99 per month. Also, the Seller will sell the four lots and individually for $15, 000 per lot and the seller will finance the balance ($7, 500) at 6% interest for 5 years at $145. 00 per month per lot. Property is located in the Ocala National Forest which affords you almost a ½ million acres of Forest to roam, 600 lakes, 2 rivers, Juniper Springs, Silver Glen Springs, Salt Springs, Swimming, Skiing, Big BASS Fishing, Boating, Camping, Hiking, Horse back riding and some of the best ATV riding anywhere. Daytona Beach is just 1 hour away. Let the fun begin! You need it!
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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 | $48,000 | $48,000 | $48,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $50 | $50 | $50 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $319 | $315 | $405 |
Total Monthly Payment | $444 | $440 | $530 |
* 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.