Crystal River waterfront home site with above-average water depth access for under $400, 000!? Why yes, you can have it. This site is ideally located a bit less than halfway from the middle of the Crystal River. This allows a boater to skip a lot of the slow speed/manatee zones on the way to the Gulf of Mexico. Take a look at the opportunity here. Compare it to the other home sites in the Crystal River area offering the same or less than this site offers, and you should see the value too. This property is located in a new subdivision with only 6 home sites. Build your dream waterfront, stilt home, or have the Owner/Builder build one for you. The plans are done and we can break ground ASAP. The total site size is . 75 acres, but that is split up into 2 separate parcels. The home site, which is to the south side of Brown Pelican Path is . 42+/- acres, while the conservation lot to the north of Brown Pelican Path is . 33+/- acres. The conservation lot is just that, conservation land. You can not improve it. You own it for privacy, and eye candy only. What's better to look out your front door and see, your neighbor in his underwear getting the morning paper, or palm & cypress trees, marshland with cattails, brown pelicans, and all the Florida water wildlife known in the area? I think the answer is easy. All homes in this area are required to be stilted, so you will not have to worry about the inside of your home flooding out. If you've seen what people with "on-grade" homes are dealing with due to the past year's storm events, you know how much of a bonus this is. Are you an investor looking for short-term rental homes? Short-term rentals are allowed in this subdivision. The deed restrictions are minimal, and the HOA fee, although not in place at the moment, will be less than $800 per year. This will be for road maintenance, mowing, etc. Call your agent if you have questions. Take a drive-by and check it out for yourself. City water and sewer connections are in place. Waiting for you!
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William Raveis Mortgage, LLC
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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 | $260,000 | $260,000 | $260,000 |
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 | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,730 | $1,728 | $2,229 |
Total Monthly Payment | $1,805 | $1,803 | $2,304 |
* 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.