12010 NE Hwy 70, Arcadia, FL, 34266 | $285,000

If you are looking to get started in a new farming venue or looking for more acreage to grow your already established business then this property may be for you. There are 2 tracts totaling 30 acres located in the Joshua Grove Water District. The Joshua Grove is roughly 27, 000 acres of like minded farmers looking to plant and grow their dreams just like you. You can grow just about any crop you desire here and the irrigation canals throughout help to provide the water you need. There is a well pump already on the property but we cannot guarantee it works. There have been palm trees, sod, blueberries and such grown here but most in the district are growing citrus. With the proper approval you could put a farm structure on the property such as a barn or shed. Most of the orange trees in this orchard would need replaced if you decide to continue planting citrus. If you decide to plant something else it wouldn’t take much to clean up this property and start over. This area is zoned for agriculture only. Being located just east of Arcadia right off route 70 makes sending your crop to market a breeze.

Features

  • Lot Size: 978 x 1323 x 978 x 1323
  • MLS#: OM674337
  • Days on Market: 99 days
  • Website: https://www.raveis.com
    /prop/OM674337/12010nehwy70_arcadia_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/21/2024 10:47:07 PM)

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NMLS Mortgage Loan Originator ID 147983

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12010 NE Hwy 70, Arcadia, FL, 34266

$285,000

Maria Busi

REALTOR

William Raveis Real Estate

Phone: 917.533.7724

Maria.Busi@raveis.com

Matthew DeMaria

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 845.290.3871

Matthew.DeMaria@raveis.com

NMLS Mortgage Loan Originator ID 147983

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $228,000 $228,000 $228,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.296%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,517 $1,515 $1,923
Total Monthly Payment $1,592 $1,590 $1,998

* 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.