OWNER FINANCING AVAILABLE! Fantastic Investment Opportunity: This nearly 1-acre vacant lot offers a prime opportunity for homeowners and investors alike. Zoned for residential use, the property could potentially be divided into two or three individual lots, maximizing your investment potential! The was previously a house on the property that had a well and septic. The designated area for a future road aligns with the extension of SE Murphy Place, and has recently been cleared out, providing easy access and enhancing the development possibilities of this promising parcel. Located in the highly sought-after Lake City area, this lot is conveniently situated near Alligator Lake, renowned for its recreational offerings, including fishing, kayaking, and scenic nature trails. The lake’s picturesque surroundings and rich wildlife make it an ideal destination for outdoor enthusiasts and families. Enjoy the tranquility of lakeside living while remaining close to essential amenities. Don’t miss this rare chance to invest in a growing community. With its strategic location, developmental potential, and proximity to Alligator Lake, this property presents a compelling opportunity for the savvy investor or future homeowner. Take advantage of this unique offering and start planning your next project today!
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William Raveis Real Estate
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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 | $25,600 | $25,600 | $25,600 |
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 | 7.330% | 7.171% | 6.538% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $170 | $170 | $220 |
Total Monthly Payment | $245 | $245 | $295 |
* 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.