Rare opportunity to own 25. 08 acres (Three parcels: 14 acres + 6 acres + 5. 08 acres) with a single-family home plus two manufactured homes that provide significant rental income. Current zoning is Agriculture (1 home per 5 acres) with Future Land use of “Urban Low Density” which allows for a maximum of 4 units per buildable acre. A residential development in excess of 10 dwelling units shall require a minimum 25% of net buildable area of the entire site as common open space. 2 miles from the turnpike and only 45 minutes to Ocala’s World Equestrian Center. The Main house has 4 bedrooms and 2. 5 baths with a new kitchen in 2022. Quartz countertops, new cabinets, and new stainless-steel appliances. High ceilings and soaring windows provide lots of natural light. Gorgeous, wooded view. Private pool, huge garage with screened-in Florida room above. 7-13 stall barn depending on how you configure it, wash rack with hot water available, 72' by 144' riding arena and 60' round pen with lighting available, multiple pastures, private pond. The Manufactured home at 27750 DEBBIE RD was built in 1993 and consists of 1152 sq ft with 3 bedrooms, 2 full baths, and a screened porch. Currently leased at $1, 725 per month. The additional manufactured home at 27720 DEBBIE RD was built in 2010 with 1, 560 sq ft and 3 beds with 2 full baths. Currently leased at $1, 700 per month. **6 Horses Included**
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,550,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,240,000 | $1,240,000 | $1,240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,940 | $8,043 | $10,887 |
Total Monthly Payment | $8,065 | $8,168 | $11,012 |
* 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.