Enjoy this deed restricted community in Citrus Springs with NO HOA fees. Easy access to US 41 and close to Tampa, Ocala, Rainbow springs State Park and more. This property is on dirt road and is a corner lot for multiple building options. This is an excellent investment opportunity or come build your dream home here. There is no flood zone or wetlands here as well.
Recently listed properties are $13k - 20k in this area. Comps for sold land in the last 6 months are similar as well.
Property can close through title company with title insurance for approx. $800-$1000. In house closing is available for $249. Buyer is to perform their own due diligence and pay all closing costs and title fees if choosing to close with title company.
**Zoning: PDR - PLANNED DEVELOP RESIDENTIAL
**Permitted Uses : Single Family Residence (Deed Restricted)
>>One detached single-family dwelling, not to exceed two stories in height with a minimum of one car garage or carport under the main roof structure. It is also subject to architectural board approval
>>Modular units built off-site and brought in to construct on-site and meeting all Citrus County State of Florida and Federal requirements shall be permitted.
Minimum dwelling size: 1400 sqft
**Legal Road Access? Yes
**HOA: None Citrus Springs is a homes only subdivision which is deed restricted but has no HOA fees. It has a park, golf course and lighted tennis courts.
**Utilities: Well and Septic Needed
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Our Executive Mortgage Banker:
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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 | $10,320 | $10,320 | $10,320 |
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 | $69 | $69 | $88 |
Total Monthly Payment | $144 | $144 | $163 |
* 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.