Under contract-accepting backup offers. This 7.3 acre property is a single-family home consisting of three bedrooms, two baths and a one-car garage. It is in Sarasota County and zoned OUE, open use estate. It was built in 1978 and it includes a pole barn and workshop-outbuildings and fenced riding area. It has been a one family home for over 46 years. However, this property is now adjacent to City of Venice properties and therefore can be annexed into the City of Venice and rezoned for another use besides open use estate.
Ideally, the property once annexed into the city of Venice, can be rezoned to multifamily residential which would allow up to 91 multi-family units. Due to its location just 1/4 mile from Jacaranda Boulevard and I-75 interchange other zoning uses are also possible.
The annexation and rezoning process is fairly complex and somewhat lengthy. The value of this property is in its future land use designation.
Subdivision:
NORTH VENICE FARMS
Utilities
BB/HS Internet Capable, Electricity Available, Sewer Available, Water Available
Lot Description:
Buildable, In County, Oversized Lot
Elementary School:
Taylor Ranch Elementary
Middle School:
Venice Area Middle
High School:
Venice Senior High
2327 EWING DRIVE, Venice, FL, 34292
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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