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WATERFRONT ACREAGE in Marion County, Florida only 25+/- miles from Ocala and/or Gainesville • There are a total of 10 lots on this 114 acre rural development (Only 5 lots remain, inventory selling fast!). This listing is for lot #1. . . additional parcels available (pics are of entire project and may not be site specific but all lots are similar) • Two SPRING FED PONDS (10 acre & 3 acre) with WHITE SANDY BOTTOM!• Gently Rolling pastures with Large Live Oaks/Pines around the Ponds • Private Limerock Drive off Hwy 318 in convenient NE Marion Co. , FL • Minor Deed Restrictions to protect integrity of your investment but NO HOA! • Zoning - A1 / Land Use - Rural Lands (1 unit per 10 acres). • Owner Financing Available. . . 10% down, 10. 9%, 10 year amortization / 3 year Balloon, Payments = $2, 293/mo. (Buyer pays all Closing Costs on Owner Financed Sales including Doc Stamps, Intangible Tax, Recording Fees, Title Insurance & $100 closing fee - total estimated to be approx. $4, 600).
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Our Executive Mortgage Banker:
Our Insurance Division:
$184,900
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 | $147,920 | $147,920 | $147,920 |
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 | $935 | $997 | $1,268 |
Total Monthly Payment | $1,010 | $1,072 | $1,343 |
* 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.