This 5-acre property is an exceptional opportunity, offering a tranquil retreat near the natural beauty of Lower Wekiva River Preserve State Park. With approximately 3 acres of buildable land in desirable Flood Zone X, and 2 acres of wetlands adding privacy and a picturesque setting, the possibilities are extensive. The land has been partially cleared, and while there is an old mobile home and three vehicles currently on-site that will need removal, the property boasts several key improvements, including a septic system, a well, and electrical service. Spectrum has recently extended service to the area, ensuring modern connectivity. Impact fees have been partially covered, simplifying the path to building your dream home or placing a new mobile home. Zoned for agriculture, this lot also welcomes your horses or livestock. For inspiration, the adjacent 5-acre property has already been cleared and developed, showcasing the potential of this land. Access is via Blackwater Oaks, a peaceful, dirt road maintained voluntarily by the neighbors. Whether you're seeking a rural homestead, a private retreat, or space for a small farm, this property is a fantastic canvas for your vision. This area is on the rise, offering incredible value with growth potential! Don't miss the chance to secure your piece of paradise before prices increase. With nearby developments and improvements already happening, now is the perfect time to get in at ground level and create your ideal rural haven or investment property.
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Our Executive Mortgage Banker:
Our Insurance Division:
$180,000
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 | $144,000 | $144,000 | $144,000 |
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 | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $958 | $957 | $1,214 |
Total Monthly Payment | $1,033 | $1,032 | $1,289 |
* 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.