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A flock of redheaded, long bearded turkeys dashed off to our right as we entered the hammock under the immense canopy of live oaks, magnolia and water oak trees. As we followed the old, meandering road through the property, we were amazed at just how much wildlife was so close to residential subdivisions, a golf course, and a new middle school. These 23. 2 acres border the magnificent Marshall Swamp Wildlife Management Area and offer its owner privacy and unparalleled access to a 6, 000 acre backyard. The property features over 1, 100' of frontage along Oak Road and is located just up the street from the Country Club at Silver Springs golf course and the soon to be built Lake Weir Middle School. Many favorite retailers including Publix, Walmart, and CVS are a quick ten minute drive. The current zoning is Residential Estate, which provides for one main dwelling and a guest home on the parcel. The Land Use is Low Density Residential and provides for one unit/acre. The Seller is offering the property as/is and not interested in providing contingencies for any entitlement changes for Land Use or Zoning. For those interested in expanding their land holdings with this parcel, the 12. 13 contiguous acres (Parcel No. 9050-0000-04) to the south are also available for purchase.
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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 | $396,000 | $396,000 | $396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.019% | 7.075% | 6.192 |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,471 | $2,601 | $3,315 |
Total Monthly Payment | $2,546 | $2,676 | $3,390 |
* 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.