RIVER FRONT PROPERTY - 5. 3 acres, fenced and cross fenced with one horse paddock and 24x23 one stall barn with a feed/tack room. An additional storage shed (12x24) conveys. This 2001 stilt home has a primary bedroom on the 2nd floor and is considered a loft since it does over the living room on the first floor. The half bath located upstairs in the loft/bedroom is unfinished and only has a functioning toilet, however, the plumbing is in place for a sink. A fully functional bathroom is located on the first floor along with kitchen and living room. A stair well from the 1st floor allows access to the laundry room on the slab underneath the home on the ground level. Another stairwell on the outside of the home is the main entrance to the front porch. The entire footprint of the stilt home is 24x28. Water is from a 4" well and Electric is provided by WREC. The mini-split and roof appear to be functioning as designed. All of the acreage is located in an AE flood zone, however, it appears 1. 8 acres mol is on higher ground (house and barn) and the remaining acreage does accept flood water from the river. That is the good news. If you want privacy, seclusion and access to the river without the risk of your home flooding this is the place. Egress and ingress to this property is by way of Tworut Road, however, because the Northern property line is on the Hernando County line, access can also be acquired via the county line easement. No deed restrictions, no HOA's, and no CDD.
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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 | $280,000 | $280,000 | $280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $120 | $120 | $120 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,839 | $1,839 | $2,344 |
Total Monthly Payment | $2,034 | $2,034 | $2,539 |
* 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.