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Lot Size: 0. 23 acres. Exclusive Highlights: This 0. 23-acre lot is situated in a highly developed area of Citrus Springs, surrounded by established homes and active development. Located on a paved road, the property is an ideal location for residential construction or investment. With the ongoing development nearby, this lot offers excellent potential for appreciation in value. This 0. 23-acre lot is located in a well-established and growing neighborhood with various homes already constructed nearby. The property benefits from access to Citrus County Water Resources and electricity, making it ready for construction. With numerous new developments in the area, this lot provides a solid investment opportunity as the neighborhood continues to grow. Key Features: Prime Location: Situated on a well-developed street with neighboring homes and active construction projects, ensuring future growth and demand. R1 Zoning: Perfect for building a single-family home. No HOA Fees: No extra costs or restrictions from a homeowner’s association. Utilities Available: Water and electricity are already available on-site, simplifying the construction process. Level Lot: The lot is level and ready for building. Location Advantages: Easy Access to Major Roads: Close to US-41 and FL-40, providing convenient travel to cities like Tampa and Orlando. Natural Attractions: Just 20 minutes (approximately 20 miles) from Rainbow Springs State Park and about an hour (approximately 50 miles) from Gulf of Mexico beaches, offering a variety of outdoor activities. Great Investment Potential: The lot is in an expanding neighborhood with ready infrastructure and ongoing construction, making it an ideal opportunity for builders and investors. Nearby Points of Interest: Markets: Winn-Dixie: 3. 5 miles (approximately 11 minutes by car). Publix: 4 miles (approximately 12 minutes by car). Schools: Citrus Springs Elementary School: 1. 9 miles (approximately 6 minutes by car). Citrus Springs Middle School: 4. 2 miles (approximately 9 minutes by car). Crystal River High School: 8. 8 miles (approximately 18 minutes by car). Attractions: Rainbow Springs State Park: 20 miles (approximately 20 minutes by car). Crystal River Preserve State Park: 24 miles (approximately 25 minutes by car). Major Roads: US-41: 5 miles (approximately 10 minutes by car). FL-40: 6 miles (approximately 12 minutes by car). Additional Local Advantage: This lot is located on a peaceful street with ongoing development in the area. With several new construction projects nearby, the property is positioned within a rapidly growing community, offering excellent future growth potential.
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William Raveis Real Estate
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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 | $19,600 | $19,600 | $19,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.037% | 6.066% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $122 | $129 | $163 |
Total Monthly Payment | $197 | $204 | $238 |
* 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.