0 R Sullivan Road, Frostproof, FL, 33843 | $763,000

Great 44. 89 Acres that are included in 5 parcels, property is equipped with a water well and electric already on the property. 5'' submersible well with approximately 15 HP and a 6'' electric turbine pump approximately 25 HP, one well feeds the other well for more pressure. Previously used as an Orange Grove, many Valencia orange trees still there, some are dead. Wells and Pumps to be checked by buyer. There are sprinkler pipes in a pile that could still be used, see pictures, Agent should check and verify with the County for all proper uses, but maybe could be used for cattle, horses and other agriculture uses. This property adjoins the Arbuckle Wildlife Management Area, there are plenty of deers and turkeys roaming through this grove. Seller will look at all offers, Possible financing

Features

  • Zoning: Agriculture
  • Lot Desc: 50+ Acres
  • MLS#: RX-11010227
  • Website: https://www.raveis.com
    /prop/RX-11010227/0rsullivanroad_frostproof_fl?source=qrflyer
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NMLS Mortgage Loan Originator ID 16953

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Melissa.Cohn@raveis.com

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0 R Sullivan Road, Frostproof, FL, 33843

$763,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $610,400 $610,400 $610,400
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.483% 6.273% 5.268%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,709 $3,709 $4,824
Total Monthly Payment $3,801 $3,801 $4,916

* 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.