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Attention local investors! You do not want to miss this opportunity. Resting on 2. 5 acres in the
rolling hills of Dade City, this 2-dwelling property offers a 1, 100 sq ft, 2 bedroom, 1 bath block
home and a 1962 1 bedroom + bonus room, 1 bath mobile home- both are currently occupied
by month-to-month tenants. There are 2 separate addresses and electric meters, 2 wells, and 2
septic tanks. Communication with the county indicates that this property could easily be split
into 2 separate parcels, giving the option to keep one property and sell the other, live in one
and rent the other, or enjoy instant income from the current tenants. Grandfathered-in zoning
would allow for the replacement of either residence under certain conditions. The possibilities
here are endless! Beautiful mature trees and an expansive lush yard welcome you to the first
home. This 1945-built single-family home features a screened front porch that leads into the
spacious living room. Overlooking the living room, the open 19x10 kitchen offers a range,
refrigerator, breakfast bar seating, and plenty of room for an eat-in dinette. 2 generously sized
bedrooms, a full bathroom, an oversized laundry room, a 2 car carport, a workshop/storage
room, and a patio complete this home. A lovely creek runs through the property, separating the
main residence from the mobile home. This 2nd dwelling offers a 2 car carport, a covered and
screened porch, 1 bedroom, 1 bathroom, and a bonus room that could be used as a second
bedroom. Call us today for your chance to learn more about this one-of-a-kind property in a
coveted Dade City location!
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Our Executive Mortgage Banker:
Our Insurance Division:
$499,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $399,200 | $399,200 | $399,200 |
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 | $173 | $173 | $173 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,656 | $2,653 | $3,423 |
Total Monthly Payment | $2,904 | $2,901 | $3,671 |
* 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.