Welcome to an expansive 24. 27-acre property. On this property there is a residence currently on site, which is approximately 1350 sq ft and this home is ready for a complete remodel to make it your own!
The living room features Cypress log-style stairs leading to the loft and bedrooms. The walls and ceiling in the living room enhance the rustic charm with their Cypress finishes. There is a stone waterfall shower in the bathroom, while the brick arch passage leads to a versatile 10 x 20 office or room with French doors to the outside.
The washer-dryer laundry space, electrical panel closet, and clothing closet are neatly tucked away in the back room. A rear door provides easy access to the outdoors, allowing you to enjoy the serene surroundings. Upstairs, the quaint loft bedroom and closet, connected by a charming "Bridge" to another bedroom with a spacious dormer, offer a unique living space.
For car enthusiasts or those in need of ample storage, the property features am UNFINISHED BLOCK three-car garage with a 9 ft ceiling height and 10 ft wide door openings (NO ROOF YET). The rear 8 ft door and RV storage on one side add a practical touch, while the roughed-in plumbing and reinforced, solid walls provide a versatile space ready for your customization.
The Barn, measuring 24 x 24 with a 10 x 24 covered porch on both sides and cypress beams. The upstairs, with walk-through trusses, offers an 8 ft ceiling and a 14 x 24-foot living space with openings at either end, providing endless possibilities.
Adjacent to the main residence, a 12 x 14 cement block elevated slab outbuilding awaits.
Nature lovers will appreciate the creek running through the property, always full and meandering to CR 561. While the covered bridge was a planned feature, the property still retains its natural beauty.
Finally, the concrete stem wall slab foundation behind the cottage, engineered for 2-3 stories, presents a unique opportunity. With a 28 x 46 footprint and a 14 x 14 three-story foundation, this structure is partially attached to stand alone as a "Tower" for bedrooms, a study, and an open-air observation area at the very top.
Keep in mind you can bring your HORSES! While some may want to keep this acreage as a single-family homesite, what makes this property intriguing is the inclusion of a Family Density rule, allowing for the potential sub-division of the land into lots with a minimum of 1 acre of developable area each.
Under this rule, residents have a unique opportunity to create a family lot split on this beautiful piece of land. Stipulations for family lot split include the requirement that the residents must be related and commit to living on the property for at least 5 years.
For those interested in exploring the potential of this rule, a concept has been developed showcasing the ability to create 4 lots while adhering to the guidelines. Please verify with Lake County on all of the requirements necessary.
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William Raveis Real Estate
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $780,000 | $780,000 | $780,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.851% | 6.704% |
Monthly Tax Payment | $183 | $183 | $183 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,994 | $5,059 | $6,795 |
Total Monthly Payment | $5,269 | $5,334 | $7,070 |
* 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.