Drive right up to the . 302 Acre lot and you are looking across the pristine Lake Panasoffkee to the virgin woods on the far shore. On the right side of your lot is a canal waiting for a dock and your boat. The lake is managed by the Lake Panasoffkee Water Association as a source of potable water. The fishing is top-rate. The scenery makes for wonderful boating. Because the lake is large, the boat traffic is sparce. The lot is on a turnaround at the end of a street with well-kept homes. This is the perfect time to watch the drone video. Just click Link 1 (drone) and Link 2 (after raising rock barrier and lot level). Most likely, you may plan to build a home. The Seller did, but his priorities changed. Fortunately for you, much of the work has been done including 2 surveys, raising the lot level with compacted soil, clearing of shore vegetation, and placement of coral-rock riprap along the water line. Architectural plans are close to completion for a tasteful 4, 400 sf home with 2 matching owner-bedrooms --- perfect for a family or Airbnb rental. The architect will be happy to complete the task to meet your needs. The work already done has been paid for by the Seller. Do you dream of a peaceful home, natural beauty, and water enjoyment? Watch the videos to help prove that you will be the new owner. Drive by the lot on your own. An agent will open the gate for you to walk the property.
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Our Executive Mortgage Banker:
Our Insurance Division:
$195,000
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 | $156,000 | $156,000 | $156,000 |
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 | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,025 | $1,037 | $1,316 |
Total Monthly Payment | $1,100 | $1,112 | $1,391 |
* 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.