The gradually slopping land has been partially cleared but still has many oak trees that leads to a 1000 feet of water frontage on Lake Juanita. This picturesque setting would make a beautiful site to build your dream home in the country away from the hustle and bustle of city traffic. You could enjoy sitting on your porch in the mornings and watch the beautiful sunrises coming up over Lake Juanita. Three sides of the property are fenced suitable for raising cattle, horseback riding or riding ATV's along with many other outdoor activities. When you want a change of pace, Lake Juanita offers many options like fishing, canoeing and water sports to name a few.
This listing consists of two parcels totaling about 45 acres with a portion extending into the lake leaving approximately 30 acres of usable land out of the water. Each property owner owns to the middle of the lake making Lake Juanita a private lake which adds to the beauty and value to the land. Also on the property is a newly dug pond. The acreage and tax information is based on the total for both parcels. At one time there was a home located on the property that could possibly help with impact fees when building. The property is zoned agricultural but did not have agricultural exemption on it this year. Lake George and the St. Johns River are only minutes away. Lake George is the second largest lake in Florida. The St. Johns River runs north through Lake George to Jacksonville where you can enter the Intra Coast Waterway or the Atlantic Ocean. The Daytona area beaches are less than an hour away. Proposed attractions coming to the area are Margaritaville Resort and Bass Pro Shop Resort. Crescent City to the north is a local shopping area. DeLand, Palm Coast and Daytona are 30 minutes away for your shopping convenience.
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William Raveis Mortgage, LLC
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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 | $432,000 | $432,000 | $432,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.278% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,838 | $2,871 | $3,643 |
Total Monthly Payment | $2,930 | $2,963 | $3,735 |
* 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.