1464 Gallop Drive, Loxahatchee, FL, 33470 | $1,080,000

CALLING ALL INVESTORS OR END USERS WITH VISION!!! THIS IS A GREAT OPPORTUNITY TO OWN A 5 ACRE PARCEL THAT HAS AN EXISTING 4 BEDROOM HOME NEEDING TLC AS WELL AS A GIGANTIC STORAGE FACILITY WHIICH COULD BE TRANSFORMED INTO PERMITTED LIVING SPACE. WELLINGTON SCHOOLS!!!FOX TRAIL IS A LUXURY COMMUNITY OF APPROX 211 - 5 ACRE PROPERTIES JUST WEST OF WELLINGTON. CLOSE TO SHOPPING, RESTAURANTS AND HORSE SHOW VENUES, IT IS PRIZED FOR ITS TRANQUILITY AND PEACEFUL WINDING PRIVATE ROADS. THIS PROPERTY, HOLDS SO MUCH FOR A BUYER WITH VISION AND FOR SOMEONE WANTING A MAGNIFICENT PLACE TO FINISH. THE BASIC CONSTRUCTION ON THE STORAGE BUILDING RESEMBLES THE QUALITY OF MULTI-LEVEL BUILDINGS. IT IS BEING SOLD AS IS. COME TAKE A LOOK AND BRING YOUR IMAGINATION.

Features

  • Amenities: Horse Trails,Horses Permitted
  • Bedrooms: 4
  • Baths: 4 full
  • Style: Rustic
  • Development: FOX TRAIL
  • Year Built: 1978
  • Garage: 4-car
  • Heating: Central,Electric
  • Cooling: Central,Electric
  • Approx Sq. Feet: 7,918
  • Est. Taxes: $18,546
  • HOA Fee: $77
  • Lot Desc: 5 to <10 Acres,Interior Lot,Paved Road,Private Road,Treed Lot
  • View: Canal,Garden
  • Water Front: Yes
  • Elem. School: Binks Forest Elementary School
  • Middle School: Wellington Landings Middle
  • High School: Wellington High School
  • Pet Policy: Yes
  • MLS#: RX-10958442
  • Website: https://www.raveis.com
    /eprop/RX-10958442/1464gallopdrive_loxahatchee_fl?source=qrflyer
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William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Gregory SofrankoLuxury Properties Specialist

239.877.1966

Gregory.Sofranko@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Evelio MirandaInsurance Sales Director, William Raveis Insurance

561.704.7334

Evelio.Miranda@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1464 Gallop Drive, Loxahatchee, FL, 33470

$1,080,000

Gregory Sofranko

Luxury Properties Specialist

William Raveis Real Estate

Phone: 239.877.1966

Gregory.Sofranko@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 $864,000 $864,000 $864,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.875% 6.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.877% 6.977% 7.041%
Monthly Tax Payment $1,546 $1,546 $1,546
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,894 $5,676 $7,706
Total Monthly Payment $7,565 $7,347 $9,377

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.