2436 Cr 416n, Lake Panasoffkee, FL, 33538 | $1,800,000

Great rural location/neighbors. 78 acres that back up to nature preserve. Beautiful grandfather oaks and wildlife including cows, deer, wild turkey among others. House is situated on a fenced five acre plot with electric gate. Set back two tenths of a mile from road. House has two fireplaces. One is wood burning and the other is propane. Large screened porch (@ 8 x 20)is off the master bedroom accessed by recessed sliding glass doors. Surrounded by beautiful pastures that are fenced and cross fenced. Good access to Turnpike, I75 and CR 44. Easy drive to Orlando and Tampa. Neighboring towns include Bushnell, Inverness, Villages and Ocala. Property is zoned AG and has a greenbelt. Tax office estimates future annual taxes at approximately $3500. There are two wells on the property. One is a six inch well that can be utilized for agriculture endeavors. House includes a two car attached garage and a large screened wrap around porch (@ 57 x 10)with a wrap around of an additional 16 feet that contains a hot tub. Cooking capabilities including a propane hooded grill and wood burning grill. Three out door sheds. There is a wet bar/recreation room off living room. Can also be used as an additional bedroom. This is one of the prime properties and locations in Sumter County. PROPERTY CAN BE DIVIDED TO INCLUDE +/- 40 ACRES FOR A REDUCED PRICE.

Features

  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Laundry Chute, Laundry Room
  • Year Built: 1994
  • Garage: 2-car
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 3,206
  • Acreage: 78
  • Est. Taxes: $1,400
  • Appliances: Bar Fridge, Built-In Oven, Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • MLS#: G5050850
  • Days on Market: 813 days
  • Website: https://www.raveis.com
    /eprop/G5050850/2436cr416n_lakepanasoffkee_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 4/29/2024 11:02:14 PM)
Listing courtesy of FLORIDA REALTY INVESTMENTS   Phone: 407-207-2220

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2436 Cr 416n, Lake Panasoffkee, FL, 33538

$1,800,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,440,000 $1,440,000 $1,440,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 7.125% 7.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.968% 7.254% 7.292%
Monthly Tax Payment $117 $117 $117
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,823 $9,702 $13,044
Total Monthly Payment $10,065 $9,944 $13,286

* 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.