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1877 is when the Historic Town of Melrose Florida was established. Seems many
now have found this unique culturally diverse little one Light Town. This particular property location makes it especially desirable plus it's located right in the heart of The Lake Region in North Central Florida. From here it's an easy commute to Gainesville, Palatka, Middleburg and Ocala Florida. This is your opportunity to experience a beautiful busy town with a personality! Within walking distance of this block home with two extra build-able lots are fine restaurants, art studios, doctors, shopping, on going scheduled creative activities and music events at Mossman Hall, Senior Center, the Melrose Music Store, Gator Bait Restaurant, Blue Water Bay, even at the Iconic 1935 Chiappini Gas Station. From this home you're only 2 blocks from all of this and the Historic Homes District going back to 1877 plus just 4 blocks away is 6000 acre Santa Fe Lake where you can enjoy Wake surfing Fishing, Tubing, skiing, Jet skiing. sailing and more. This listing includes 3 parcels. The Concrete Block home has been gutted inside and readied for your new floorplan design. Recent improvements and upgrades of $55, 000 include New Roof, underground electrical supply and Main Panel, gravel driveway, new carport and more ****. The 2 buildable lots, with chain linked fencing are just beautiful and may could be purchased separately (ask listing agent for details or see private remarks). Taking a tour of Historic Melrose FIRST, then seeing these properties will convince you why so many are fleeing to rural America and a different way of life. Come see and you'll SEE!
NOTE; No Bedrooms or Bathrooms are identified in the home. Only studs are showing.
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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 | $199,920 | $199,920 | $199,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.810% | 6.026% |
Monthly Tax Payment | $89 | $89 | $89 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,151 | $1,280 | $1,660 |
Total Monthly Payment | $1,315 | $1,444 | $1,824 |
* 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.