This unique property offers a tranquil escape while remaining conveniently close to I-4, providing easy access to Tampa and Orlando. Situated on three combined parcels, each with its own parcel ID, this property is zoned for horses and presents a multitude of possibilities.
Two of the parcels feature deed restrictions requiring a minimum 1800 square foot home with a 2-car garage, while the back east property offers unrestricted land use. The owners are open to discussing the potential for placing similar deed restrictions on the unrestricted parcel if sold separately, but their preference is to sell the entire property.
The front parcel, approximately 8. 87 acres, includes wetlands, while the back parcel, approximately 3. 13 acres, offers opportunities for various uses, including manufactured homes, cattle, horses, or even a single-family home. The east back property, approximately 3. 50 acres, could potentially be used for a manufactured home, cattle, horses, or a single-family home.
The existing home, barn, and pool are sold as-is, and this property presents potential for agricultural tourism, green energy, farming, or equestrian activities. However, it's essential for buyers to verify with the county regarding specific land use regulations.
With low property taxes due to AS-1 zoning, this property offers flexibility for future development. One option is to divide the property into three larger parcels, each with a minimum of 3 acres, allowing for the construction of three separate homes.
The list price is for the entire property, and buyers can decide how to utilize the land to best suit their needs. All offers must be accompanied by a proof of funds (POF) on an FBAR contract. Buyers are responsible for verifying all information provided.
Currently, the East back property (approx. 3. 50 acres with what used to be a pond) can be used for manufactured home, cattle, horses, Single-Family home, etc.
The other two parcels have the restrictions for a minimum of 1800 sqft home with 2 car garage, no manufactured home and can't be divided in parcels less than 2 acres. The front parcel is approx. 8. 87 acres with wetlands and the back parcel is approx. 3. 13 acres.
The current home is sold as is, including the Barn, Pool, etc.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,119,920 | $1,119,920 | $1,119,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.545% | 6.748% | 6.932% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,264 | $7,171 | $9,910 |
Total Monthly Payment | $7,389 | $7,296 | $10,035 |
* 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.