Presented by![]() Michael Dean |
WOW! ALMOST 300 ACRES WITH OVER 1000 FT ON THE BEAUTIFUL SAINT JOHNS RIVER AT ONE OF THE WIDEST POINTS. THE ASSEMBLEGE CONSISTS OF THREE OFFERINGS - OFFERING #1 IS 212. 73 ACRES; OFFERING #2 IS 63. 45 ACRES AND OFFERING #3 IS 20. 6 ACRES. NOT ONLY IS THERE BEAUTIFUL RIVERFRONT, BUT THERE IS A TIDAL CANAL THAT RUNS DOWN PART OF THE PROPERTY THAT PROVIDES ANOTHER GREAT AMENITY. LARGE SECTIONS OF THE PROPERTY ARE CLEARED. THERE IS A TIMBER HARVESTING PERMIT ON THE PROPERTY WHICH KEEPS THE TAXES LOW. THE OWNER OF THE PROPERTY ALSO HAS A PACKAGE PLANT CERTIFICATE FOR WATER AND SEWER. THIS BEAUTIFUL OLD FLORIDA PROPERTY HAS MANY POSSIBILITIES - RIVERFRONT ESTATE OR YOUR OWN PRIVATE HUNTING CAMP OR A DEVELOPMENT FOR HUNDREDS OF HOMES. THE RIVERFRONT PROPERTY HAS AN EXISTING DOCK AND BOATHOUSE SITUATED AT THE MOUTH OF THE CANAL AND A WIDE PLACE ON THE RIVER. INCREDIBLE WATER VIEWS ON THIS WIDE SECTION OF THE ST JOHNS RIVER. THIS LOCATION HAS TREMENDOUS POTENTIAL. THE LOCATION IS APPROXIMATELY 10 MILES NORTH OF HISTORIC DOWNTOWN PALATKA AND ABOUT 18 MILES FROM GREEN COVE SPRINGS AND THE GROWTH AND DEVELOPMENT THAT WILL COME WITH THE NEW FIRST COAST EXPRESSWAY. A NEW WALMART IS A FEW MILES FROM THIS SITE AND THERE ARE OTHER BIG NAME STORES COMING TO THIS AREA. RARE OPPORTUNITY FOR A GRAND RIVERFRONT DEVELOPMENT. ; Cleared: Partial
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$5,300,000
Vice President of Business Development
William Raveis Real Estate
Phone: 203.292.0407
Michael.Dean@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.225.2554
Theresa.Givens@raveis.com
NMLS Mortgage Loan Originator ID 1870734
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.305.7387
Mark.Greene@raveis.com
NMLS Mortgage Loan Originator ID 115078
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $4,240,000 | $4,240,000 | $4,240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.811% | 6.475% | 6.309% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $25,421 | $26,452 | $36,067 |
Total Monthly Payment | $25,546 | $26,577 | $36,192 |
* 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.