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REDUCED!! BEAUTIFUL 7 ACRE WATERFRONT. Located off of Minshew Road in the quaint, country town of Pierson, the acreage is high and dry with numerous majestic live oaks. If you're looking for a fantastic building site with a great view, there's a hill that overlooks the lake and the pond which would be a fabulous spot for a dream home. The property is adjacent and behind a 5 acre parcel that has paved road frontage on Minshew Road. Minshew Road is in a quiet area and has very little traffic. The entire 12 acres can be purchased for $375, 000, which would provide the option to build a 2nd home. There is an easement, which leads to the 7 acres on the west and east side of the 5 acres. The 7 acres currently has irrigation, but new owner would have to install a new pump to irrigate the property. City water would be available for new home construction.
The property could easily be converted to blueberries, horse farm, grape orchard or other agriculture uses. This quiet, remote location, is located 15 minutes from the beautiful and historic St. Johns river, 45 minutes from beaches, and a short drive to several fresh water springs in the area.
If you're looking for a nice hill overlooking a lake or a pond to build your dream home, this is a great site with a breathtaking view. Don't miss out on a one of a kind unique property. Schools, library, park, restaurants, hardware store, doctors, and grocery store are located in Pierson. The 5 acres cannot be purchased alone.
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Our Executive Mortgage Banker:
Our Insurance Division:
$179,000
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 | $143,200 | $143,200 | $143,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.303% | 6.510% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $905 | $965 | $1,228 |
Total Monthly Payment | $980 | $1,040 | $1,303 |
* 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.