18115 Demko ROAD, Altoona, FL, 32702 | $825,000

Under contract-accepting backup offers. BORDER the OCALA NATIONAL FOREST. Rolling hills, PAVED ROAD, fenced and cross fenced with HORSE BARN and multiple PASTURES! Almost 10 ACRES, there is plenty of SPACE to enjoy in this active TRAILRIDING COMMUNITY with direct access to the 100 MILE HORSE TRAILS. Located in this hidden gem of equestrian heaven- you will relish the green views from your tree house and enjoy all the simplicity of the country surroundings. Always check with county regulations, but this is so versatile, you may even be able to build another house, since there are 2 parcels being sold. Near Rocking Horse Ranch for the Winter EQUESTRIAN CIRCUIT, about an hour to Orlando, Ocala, or Daytona, and even closer for dining and entertainment in quaint Mount Dora or The Villages. The unique POST and BEAM home offers WHOLE HOUSE GENERATOR, approx. 3100 SqFt of Living space, open beam cypress cathedral ceiling, METAL ROOF, a loft area, two-sided FIREPLACE, a WALK-OUT basement, multiple porches, WOOD FLOORS and an updated Master Bath. Don’t forget the attached garage and flex space potential for gym, wine cellar or art studio! The 6 Stall cypress HORSE BARN with it’s own Septic, bathroom and electric meter is about 36 x 86, features a wrap-around covered shaded sitting area, adjacent paddock, plentiful hay storage space, feed room, and a huge storage area you could use as WORKSHOP. A short distance from the home is a 10X20 open storage shed and a 20X30 pole barn. Two alt key numbers 3834191 & 3877853. This is A STEAL and shown by appointment only – so hurry and call to see it and make it YOURS!

Features

  • Rooms: 6
  • Bedrooms: 3
  • Baths: 3 full / 1 half
  • Lot Size: irreg
  • Laundry: Inside
  • Style: Other
  • Year Built: 1991
  • Garage: 2-car Boat, Garage Door Opener, Garage Faces Side, Guest, Oversized, Parking Pad
  • Heating: Central
  • Cooling: Central Air, Zoned
  • Approx Sq. Feet: 3,184
  • Acreage: 9.25
  • Lot Size: irreg
  • Est. Taxes: $4,648
  • Lot Desc: Conservation Area, Gentle Sloping, In County, Level, Pasture, Street Dead-End, Zoned for Horses
  • Appliances: Dishwasher, Disposal, Electric Water Heater, Range, Range Hood, Refrigerator
  • MLS#: G5077374
  • Days on Market: 21 days
  • Website: https://www.raveis.com
    /prop/G5077374/18115demkoroad_altoona_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 5/21/2024 3:07:38 PM)
Listing courtesy of BHHS FLORIDA REALTY   Phone: 352-729-7325

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NMLS Mortgage Loan Originator ID 16953

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18115 Demko ROAD, Altoona, FL, 32702

$825,000

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 $660,000 $660,000 $660,000
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 7.903% 7.014% 7.041%
Monthly Tax Payment $387 $387 $387
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,502 $4,336 $5,886
Total Monthly Payment $4,981 $4,815 $6,365

* 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.