This beautiful . 65 acre lot is located in the privately gated oasis of Garden City. It’s just beautiful, palms swaying in the wind, colorful foliage, massive oak canopies creating shade in just the right spots! Surrounded by the North Chain of Lakes, the views, the terrain and the breeze combine to make the perfect setting for your dream home. The North Chain of Lakes includes Lake Emma, Lake Lucy, Lake Stewart, Lake Hunt and the Palatlakaha River giving you hours of enjoyment fishing, boating and living the Florida lifestyle! Groveland, the “City with Natural Charm”, is not out in the boonies like most think! Just a few miles west of Clermont, you’ll find this location is a more convenient commute and away from the traffic! Access from Hwy 19 to Hwy 27 & Florida's Turnpike only takes about 5 minutes! Another great aspect of this location is there is no set time to build! Building requirements are 3, 000 sq ft under air and a tile roof. This keeps the neighborhood cohesive and contributes to the long term value of this community. Concerned that’s a little larger than you want? Consider making rooms just a tad bigger, especially closets, pantry and utilize air conditioned space for your holiday decor and other items that tend to get ruined in the garage during the hotter more humid months! Give that garage back to your vehicles! Builder recommendations available upon request! Fun Fact: the North (Groveland) and South (Clermont) chain are the SAME body of water connected at the Cherry Lake dam! Time to get a sea plane! Don't miss out on this opportunity to live in this pristine countryside paradise less than 5 miles from town!
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Our Executive Mortgage Banker:
Our Insurance Division:
$150,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $120,000 | $120,000 | $120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.171% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $819 | $798 | $1,029 |
Total Monthly Payment | $894 | $873 | $1,104 |
* 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.