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Presented by![]() Karen Kesten |
Excellent investment opportunity! Just 4. 3 miles from Spanish Springs Town Square in The Villages, this property is minutes from a vast variety of food and entertainment while still being tucked away from the hustle and bustle.
The beautiful, partially wooded lot has two mobile homes, an above ground pool, and a storage shed. The pool may need to be removed. The owner bought a new lining for it but it has been in storage for three years. One of the mobiles needs to be removed and the other can be either repaired or removed. The primary mobile home was lived in until recently. The roof and the vinyl siding are 2. 5 years old. A tree limb put a hole in the roof, thus the replacement, but the hole was not repaired inside. There is also mold that will need to be remediated. It is recommended that an inspection be ordered.
There are mature Azaleas landscaping both mobile homes that can be kept. The property has two septic tanks and fields, one well that services the property (another will need to be added if two new mobiles are put on the property), and two power poles.
The property is listed only for the land value which gives great flexibility to any investor looking for rentals near The Villages or a homeowner who wants to be close to the action!
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Sales Associate
William Raveis Real Estate
Phone: 860.918.1555
Karen.Kesten@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.641.8287
Dave.Beckman@raveis.com
NMLS Mortgage Loan Originator ID 10930
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $120,000 | $120,000 | $120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.173% | 7.316% | 6.550% |
Monthly Tax Payment | $107 | $107 | $107 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $778 | $808 | $1,029 |
Total Monthly Payment | $960 | $990 | $1,211 |
* 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.