Nestled within the peaceful setting of Orange Blossom Hills in Summerfield Florida, this single-family lot boasts a prime position amidst homes in the $300K range, offering a perfect blend of suburban tranquility and convenient access to a wealth of amenities. Just a quick 10-minute drive to the Spanish Springs square in The Villages, residents can indulge in diverse dining options, bustling shopping centers, captivating movie theaters, and year-round entertainment, all without the burdens of exorbitant real estate prices or restrictive HOA regulations. For those yearning for a more serene retreat, this property's enviable location provides seamless access to the breathtaking Lake Weir, a sprawling 5, 700-acre haven situated just minutes away. With its peaceful water's ideal for boating, fishing, and water sports, Lake Weir offers boundless opportunities for outdoor adventure. Featuring public boat ramps and a marina complete with a restaurant, enjoying the lake's offerings is both convenient and delightful. Anglers will revel in the abundance of fish species, while sandy beaches entice swimmers to soak up the Florida sunshine.
Yet, the allure of this property extends beyond its proximity to Lake Weir. Nature enthusiasts will find solace in the nearby Ocala National Forest, just a short drive from the lake, which boasts an array of hiking and camping options. From leisurely boardwalk strolls to challenging backpacking trails, the forest caters to adventurers of all levels, providing a chance to fully immerse oneself in the region's natural splendor.
With its exceptional location, diverse recreational opportunities, and freedom from HOA restrictions, this property presents a unique opportunity to engage a builder of choice, design a home tailored to your lifestyle, and embark on the journey of homeownership at your own pace. Seize the chance to turn your homeownership dreams into reality in this idyllic setting.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $63,920 | $63,920 | $63,920 |
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 | $425 | $425 | $539 |
Total Monthly Payment | $500 | $500 | $614 |
* 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.