Located in the COMMERCIAL CORRIDOR and only three miles South of Okeechobee, this 11. 3-acre property offers a multitude of possibilities. The existing 3-bedroom/3-bathroom home with enclosed pool is clean and ready to move in. The 48 x 72 equipment barn offers plenty of storage for trailers and equipment and the 40 x 60 enclosed storage barn offers storage for equipment, livestock, feed, or supplies. Attached to the storage barn is an 18 x 24 covered stall area. There is also a 1991 14 x 60 mobile home with 12 x 60 addition/carport, a 9 x 10 front covered open porch, and a 10 x 34 enclosed front porch. Parcels of this size in the Commercial Corridor are few. Adjacent properties are also available that could add an additional five acres and a restaurant, providing for a large shopping center. This property is also very well-suited for the equestrian enthusiast or boarder who wants to be close to town. Do not miss this one.
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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 | $1,356,000 | $1,356,000 | $1,356,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.000% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.103% | 7.041% |
Monthly Tax Payment | $821 | $821 | $821 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,250 | $9,022 | $12,094 |
Total Monthly Payment | $10,196 | $9,968 | $13,040 |
* 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.