This listing is a compilation of three parcels totaling 5.52 acres, currently planted in citrus with a water well on the property. A portion of Anderson Road runs between the parcels but is not being used as a road. The buyer should check with Polk County regarding future use of Anderson Road to see if that portion could be closed since no one is using it and it is currently planted with citrus. The property has 780 feet of frontage on Stembridge Road and has a working well used to irrigate the grove. The property is just East of Lake Wales with easy access to shopping and medical facilities. The property will need to have a septic system installed for residential. There are multiple golf courses and lakes nearby with public access. Legoland Florida is only 30 minutes away with the East Coast and West Coast beaches of Florida a short drive away making a day trip the the beach possible.
STEMBRIDGE ROAD, Lake Wales, FL, 33898
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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