Situated in the beautiful Compass Lake in the Hills community, this slice of paradise is perfect for building your dream home! It's spoken of as being reminiscent of the stunning Carolina foothills. This corner lot is almost an acre and nearby one of the excellent lakes, McCormick Lake. It's also high and dry as shown on an according flood map and not located in a flood zone. Compass Lake in the Hills is a deed restricted subdivision (voluntary HOA $135/yr) located off of Highway 231 in Jackson County, offering many recreational amenities including disk golf, a driving range, swimming pool, camping, waterfront restaurant, and multiple freshwater lakes, with the best one being Compass Lake. Compass Lake is a gorgeous spring-fed lake that is loved for boating, fishing, and water-skiing. On the nearby McCormick Lake there are two wonderful beach areas with water toys, a clubhouse, and two covered pavilions available for rent. McCormick Lake is an exclusive facility only available to members and their guests. No gasoline engines are allowed on that lake, however boats with electric motors are. Enjoy the slower pace of life this community offers while being less than an hour from Panama City Beach and less than 30 minutes to nearby shopping in Marianna. Don't wait for your dream home anymore! *No mobile homes permitted. Pictures of the two home builds in the listing are for reference purposes only and do not reflect this property, but the potential of it!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$17,900
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 | $14,320 | $14,320 | $14,320 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.508% | 7.171% | 6.392% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $98 | $95 | $122 |
Total Monthly Payment | $173 | $170 | $197 |
* 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.