109 CODY Drive, Satsuma, FL, 32189 | $425,000

Spring into this Rare Opportunity with St. Johns River Access! Owners are motivated!

This unique offering includes four parcels with four dwellings, perfect for an investor or those looking to create a private family compound. Homes include most furnishings! Live in one while earning money from the others. Located just north of the growing community of Welaka, this sought after area is known for snowbirds, vacation rentals, and retirees.

Nestled on a private road, the property features community riverfront access, a boat ramp, and the potential to rebuild boat slips for St. Johns River activities. While two homes could benefit from updates, the strong demand for long-term (LTR) and short-term rentals (STR) makes this an exceptional opportunity in Putnam County.

Invest in the peaceful lifestyle while being a short drive from Daytona, St. Augustine, and Palm Coast. Seller is offering upto 6% in buyer concessions. Make your appointment to tour today! What you are buying. . . *104 Cody: 1987 3/2 Fleetwood mobile with metal roof on . 29 acre with frame workshop *108 Cody: 1976 Mobile with separate metal garage, partially fenced on . 23 acre *109 Cody: Site built 2/1 with architerial roof repalced in 2022, inside laundry, screened-in porch overlooking garden area PLUS workshop, greenhouse and seperate guest house all on . 35 acre * 107 Bedford lot zoned homes only with . 6 acre, includes well and new pump house.

Features

  • Bedrooms: 2
  • Baths: 1 full
  • Laundry: Electric Dryer Hookup, In Unit, Washer Hookup
  • Style: Cottage
  • Year Built: 1969
  • Heating: Central, Electric
  • Cooling: Attic Fan, Central Air, Electric, Separate Meters
  • Approx Sq. Feet: 1,562
  • Acreage: 0.37
  • Est. Taxes: $3,021
  • Lot Desc: Dead End Street
  • Appliances: Convection Oven, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Refrigerator
  • MLS#: 2044926
  • Days on Market: 226 days
  • Website: https://www.raveis.com
    /prop/2044926/109codydrive_satsuma_fl?source=qrflyer
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The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than William Raveis Real Estate are marked with the listing broker's name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.
Listing courtesy of FLORIDA HOMES REALTY & MTG LLC

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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109 CODY Drive, Satsuma, FL, 32189

$425,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $340,000 $340,000 $340,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 7.125% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.173% 7.316% 6.550%
Monthly Tax Payment $252 $252 $252
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,205 $2,291 $2,915
Total Monthly Payment $2,532 $2,618 $3,242

* 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.