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Under contract-accepting backup offers. 1. 62 Acres Outside City Limits!! Home with cleared, open land for storage or other uses!
This is a 4-bedroom, 1-bath home on a spacious 1. 62-acre lot. The house is 1, 792 square feet and was damaged during Hurricane Helene. While the home needs repair, the land offers a number of possibilities. Located on a quiet street near US Highway 19, the marina and local nightlife, the property is outside city limits, allowing for flexible use—boat or RV storage, greenhouse, workshop construction, or other personal projects. The home includes a combined laundry room and pantry, exposed ceiling beams, a built-in bookcase, and French doors. All drywall 4’ and below has been removed, mold remediation completed, and electrical outlets have been replaced, but electricity is not currently connected. The lot contains two septic systems (gray and black water tanks), has access to both city water and an on-site well, as a large detached garage/shed, useful for storage and protection from the elements, and the lot is surrounded by a small pecan grove and forest on two sides. The air conditioning and electrical systems have been deemed intact by professionals, but are untested due to the lack of power.
This is a property for someone looking for a large piece of land with the freedom to build, repair, or repurpose, understanding that the home will require renovation work. Properties like this don’t come up often so schedule your showing today.
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Our Executive Mortgage Banker:
Our Insurance Division:
$175,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $140,000 | $140,000 | $140,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.168% | 5.561% |
| Monthly Tax Payment | $90 | $90 | $90 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $806 | $838 | $1,125 |
| Total Monthly Payment | $971 | $1,003 | $1,290 |
* 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.