A beautiful blend of pasture and hardwood canopies such as Live Oaks, White Oaks and Hickory on two acres is the perfect place to build your dream home and live in the one bedroom-one bath barn apartment while it is being built!. Living space is nearly 650 square feet and appointed with new kitchen cabinets, terracotta floor tile, walk-in closet and custom hardwood sliding window shutters. The barn has 5 stalls and has a spacious and oversized garage. The home is located in one of Marion counties most coveted corridors and close to nearly everything. Absolutely perfect for the equestrian looking for a small farm located near all the Equestrian venues and only minutes from the Florida Horse Park and World Equestrian Center. This has been a great income producing property and has consistent rental history bringing in solid revenue.
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Our Executive Mortgage Banker:
Our Insurance Division:
$327,500
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 | $262,000 | $262,000 | $262,000 |
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 | 7.841% | 7.159% | 6.518% |
Monthly Tax Payment | $111 | $111 | $111 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,743 | $1,741 | $2,246 |
Total Monthly Payment | $1,929 | $1,927 | $2,432 |
* 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.