Under contract-accepting backup offers. This property in Floral City offers a unique opportunity for a buyer looking to invest in a peaceful location with ample space. The home features a 3-bedroom, 1-bathroom layout, but requires some TLC and creativity to reach its full potential. The large lot, measuring over a third of an acre, provides a variety of options—whether transforming the home into a tranquil weekend retreat, a full-time residence, or an income-generating investment property. The lack of HOA fees or deed restrictions adds further flexibility, allowing you to tailor the space to suit your vision. This rare find could be the perfect canvas for your next project! This home is perfectly situated for outdoor enthusiasts, offering proximity to a serene chain of lakes and the Withlacoochee River—making it an ideal spot for fishing, hunting, and other recreational activities. Whether you're an avid angler or enjoy exploring nature, this location provides easy access to all the natural beauty the area has to offer. Don't let this unique opportunity slip by—come see it for yourself and take advantage of this hidden gem before it's gone!
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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 | $76,000 | $76,000 | $76,000 |
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 | $126 | $126 | $126 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $525 | $512 | $646 |
Total Monthly Payment | $726 | $713 | $847 |
* 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.