What an opportunity!!! An Estate property over 20 acres for Equestrian use or Private Family compound that you can your own. The property has an old horse track and is fenced/cross-fenced with multiple wells and electric. There is an existing improvement which is a 5076 sq ft structure that was a former 17 stall horse barn with tack room built in 1998. There is also an old horse barn with just block walls and cement foundation still sits on the property ready to be rebuilt to your liking. Lastly, a 60' x 60' cell tower site sits on the northern half that is included in the sale, however, the lease was bought out by the owner/operator and has no future income. There are two points of ingress/egress can be utilized at 4815 Rustic Court East (west) and another at 3410 Youngway Drive (east). This is a unique opportunity to own an Equestrian type of property and completely make it your own. Two points of ingress/egress can be utilized at 4815 Rustic Court East (west) and another at 3410 Youngway Drive (east). This property is located south of Deeson Road and north of Mount Tabor Road in the Kathleen area of Lakeland, Florida. It is west of Kathleen Road and CSX Railroad tracks that run parallel to this well traveled 4-lane road. The area is comprised of mostly single-family and mobile homes, with a limited amount of support retail in the immediate area. Additional retail is more dominant both north and south along Kathleen Road.
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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 | $547,200 | $547,200 | $547,200 |
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 | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,641 | $3,637 | $4,692 |
Total Monthly Payment | $3,733 | $3,729 | $4,784 |
* 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.