8515 FLORENCE COVE Road, Saint Augustine, FL, 32092 | $600,000
SEE VIDEO. The canvas to develop your riverfront dream home on a historic piece of Old Florida. Reside in a segment of William Bartram's 500-acre tract, where Bartram spent several months attempting to operate the area as a rice farm before abandoning the settlement in 1766. The area would later be part of a 1, 000 acre land grant to Captain William S Rainsford in 1768, becoming part of many settlements that would evolve along Six Mile Creek. Today, the area represents an example of pastoral Florida charm progressing into an expanding suburban corridor. This 1 acre parcel is your point of departure to the St. Johns River, with 100' of southeast waterfront exposure. Encompassing 31 lots, Florence Cove is an enclave canopied by live oaks and roaming with peacocks. The 400'+ deep lot offers an area to construct a residence that balances a natural and private location. The remnants of a 350' dock and boat ramp provide a vision for riverfront recreation. No HOA.
Features
- Lot Size: 102' x 412' x 100' x 432'
- Lot Desc: Cleared, Dead End Street, Few Trees, Wetlands
- View: River
- Water Front: Yes
- Elem. School: Wards Creek
- Middle School: Pacetti Bay
- High School: Bartram Trail
- MLS#: 2000121
- Days on Market: 2 days
- Website: https://www.raveis.com
/prop/2000121/8515florencecoveroad_saintaugustine_fl?source=qrflyer
Listing courtesy of WATSON REALTY CORP
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
8515 FLORENCE COVE Road, Saint Augustine, FL, 32092
$600,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 | $480,000 | $480,000 | $480,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,234 | $3,190 | $4,048 |
| Total Monthly Payment | $3,326 | $3,282 | $4,140 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388