Under contract-accepting backup offers. Exciting Opportunity in Fishhawk Area – 10 Acres of Prime Real Estate!
Attention Builders, Developers, Investors, and Visionaries! This is your chance to own approximately 10 acres of valuable land in the sought-after Fishhawk area. Currently zoned AR (allowing 1 home per 5 acres) with future potential for R-2 medium-density residential zoning, this property offers endless possibilities for development.
Nestled on this beautiful parcel is a charming block residence featuring 3 bedrooms, 2 bathrooms, a refreshing pool, and a detached 3-car garage/workshop connected to the home by a portico. The property also includes several storage sheds, an original 4-stall barn (1988) with a round pen for training, and a larger 12-stall barn (1996) measuring 72 x 34 with separate tack and feed sheds.
While the home and barns require some TLC to restore their former glory, the home boasts a newer roof (2015) and added attic insulation. The property is well-equipped with two deep wells (one for the home and one for the barn), septic, and electric service to both the barn and home.
Fenced for convenience (though some repairs may be needed), this parcel offers over 500 feet of road frontage on Boyette Road, making it a prime location for future development as the area continues to grow. The potential to invest, rent to a horse enthusiast, and capitalize on future development opportunities is immense.
This incredible value is almost at the price of the land alone. Don’t miss out on this unique opportunity. Schedule a showing now and explore the endless potential this property has to offer!
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Our Executive Mortgage Banker:
Our Insurance Division:
$795,000
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 | $636,000 | $636,000 | $636,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $314 | $314 | $314 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,968 | $3,864 | $5,026 |
Total Monthly Payment | $4,374 | $4,270 | $5,432 |
* 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.