Two cleared lots, side by side, nearly 2 acres (1. 98 acres total). You should save $10, 000+ not having to remove a bunch of trees like you would with most others. PAVED ROAD. NO flood zone or HOA to worry about. Newer subdivision with nice homes, most valued around $275k-$400k. This is Marion County parcel ID 1802-011-025 AND 1802-011-026 . No street number has yet been assigned for a street address; it is for mapping and GPS purposes only. Just across the highway sits the famous Rainbow Springs River and State Park with fishing, kayaking, and swimming, and just down the road from the Juliette Falls championship golf course, open to the public. The World Equestrian Center is about 20-25 minutes away, 30 min to the middle of downtown Ocala. Lots of new construction here, prices will continue to rise here in RAINBOW ACRES subdivision. NO mobile homes allowed. Recent 2 acre lots in the same subdivision have sold for $85, 000 and $82, 000 (photo attached showing this). Priced to sell quickly. Zoned R1-Residential. You may also use GPS Coordinates for driving directions if you prefer by copy and pasting into Google or Apple Maps instead of a street address: 29. 136076, -82. 474229. Seller has other similar lots available in the same area that are not listed publicly, ask for a list.
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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 | $49,596 | $49,596 | $49,596 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $330 | $330 | $418 |
Total Monthly Payment | $405 | $405 | $493 |
* 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.