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Enjoy the outdoors at this 5-acre homestead with canal frontage to access Lake Griffin on the Harris Chain of Lakes, or venture along the Ocklawaha River all the way to the St. John’s River. Located near the Emeralda Marsh where multiple recreational opportunities can be enjoyed, scattered oaks and long leaf pines that shade most of the property, with a portion that is nicely cleared around the residence. Currently the property is zoned Agricultural and no HOA, so you can create a mini farm if desired. An oversized 24’ x 24’ detached garage has plenty of space for utility vehicles, and a screen door across the front for project days. Enjoy coffee on the screened front porch with dual access into the home. A large flagstone patio in the backyard is a great spot for grill, smoker, or firepit. If additional storage needs are on your checklist, you’ll find a detached storage shed that has a concrete floor and could be renovated or converted into a pole barn. If you enjoy bass fishing and boating, the 9400 acre Lake Griffin is just a short ride from your backyard dock. The comfortable home is ready for new owners to re-envision or simply enjoy as a weekend get away. The residence is tucked away off the main road with a gated, paved driveway. Just 20 minutes to downtown Leesburg and 30 minutes to Mount Dora. A recent 4-point home inspection is available upon request.
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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 | $360,000 | $360,000 | $360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $180 | $180 | $180 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,275 | $2,365 | $3,014 |
Total Monthly Payment | $2,530 | $2,620 | $3,269 |
* 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.