Presented byNikki Howell |
An unmissable chance to own a sprawling 6. 19+/- acre haven nestled in Belleview, FL, awaits. This property features a versatile 40x60 Barndominiu, built in 2002, complete with a 1/1 unit that offers room for expansion in multiple directions. It also has a full size RV Garage with Connections and hookups.
While currently zoned R1, discussions with the City hint at the potential for rezoning to R2 or R3, unlocking new possibilities for development. If the zoning specifics don't sway you, envision this as your personal retreat—a vast expanse of land just moments from the serene Lake Lillian. Nearby, a plethora of conveniences awaits, with an array of restaurants, banks, and grocery stores a stone's throw away. Not to mention, the proximity of Advent Health ER across the street and the Belleview Sports Complex down the road further enhances the appeal of this location.
Whether you seek to create your dream home or capitalize on an investment opportunity, this property beckons. With the potential to convert the pole barn into four individual rentals, coupled with an existing front building housing a bustling Hair Salon, astute investors could secure a total of five properties here.
A City-issued letter, available through the MLS, hints at the property's immense potential, allowing for the construction of 36 Dwelling units per tract. With 6+ acres at this enticing price point, this opportunity won't linger for long. The choice is yours—seize this chance to craft your vision on this promising Belleview landscape.
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$880,000
Sales Associate
William Raveis Real Estate
Phone: 248.303.2732
Nikki.Howell@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.944.8218
Bob.Flynn@raveis.com
NMLS Mortgage Loan Originator ID 6314
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $704,000 | $704,000 | $704,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 6.989% | 6.936% |
Monthly Tax Payment | $54 | $54 | $54 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,743 | $4,625 | $6,230 |
Total Monthly Payment | $4,889 | $4,771 | $6,376 |
* 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.