OPPORTUNITY TO BUILD your dream home. . . or for DEVELOPERS or INVESTORS to “BUY AND HOLD. ” Zoning allows for mobile, modular and site-built homes! . 34 acres of wooded land on unimproved land. NO HOMEOWNER’S ASSOCIATION and no HOA fees or restrictive covenants so you can bring your own builder and make this land your own and have the freedom to do what you want whenever you want to do it. There are three (3) lots on this land where you can put a home on each lot and it can be subdivided by going to the Property Appraiser OR you can put one home on this HUGE lot and have it all to yourself. May require a home that is elevated. Setbacks are 25’ on the front, 15’ on the read and 8’ on each side. You can NOT use septic and well – requires public water and sewer connections. May require a stub-out (sewer main that connects to property. You cannot put an RV on the land unless there is active construction for a dwelling or if there is a caregiver living in it. There are electrical utility poles on the street. Short-term rental or AirBnB are not allowed.
Panacea is what you would call a small “Old Florida” waterfront fishing village full of history and natural beauty! It was named after the goddess of universal remedy, due to its supposed healing properties in the spring waters. And Panacea is known for its fresh seafood, beaches and outdoor rural lifestyle. Activities include access to the gulf coast beaches, fresh water springs, state parks, sightseeing opportunities as well as local city events! Learn more about Panacea here: https: //www. visitpanacea. org/ and https: //www. visitwakulla. com/resources/communities/panacea-fl/.
You’ve got country-living with privacy where you can enjoy all the Florida panhandle has to provide. . . and one of the lowest cost-of-living in the state of Florida. And if you get the urge to enjoy visit the big city, Tallahassee is a short 45 minutes away.
Though it’s a small town removed from the congestion of large cities, everything you need to live, shop work and play is here to create your own private Idaho!
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Our Executive Mortgage Banker:
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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 | $12,400 | $12,400 | $12,400 |
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 | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $83 | $82 | $105 |
Total Monthly Payment | $158 | $157 | $180 |
* 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.