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Prime 8-Acre Investment Tract with Homesteading Potential in High-Growth CorridorPositioned at the intersection of opportunity and growth, this versatile 8-acre parcel, zoned R2, is a standout for both savvy investors and those dreaming of a self-sufficient lifestyle. Located near the dynamic communities of Carnes Crossroads, Cane Bay, and Nexton, the area continues to experience rapid residential and commercial development--making this an excellent investment with long-term value. Developers will appreciate the land's favorable zoning, 50' deeded access easement, seller states public water availability at street, and straightforward infrastructure planning (septic required). Whether you're considering multiple homesites or future subdivision potential, this propertyis primed for smart, flexible development. But for those leaning into the homestead dreamthis tract also offers the rare opportunity to build a quiet, spacious retreat while staying connected to modern conveniences. With plenty of room for gardens, animals, workshops, and multi-generational living, you can create your own sustainable haven without sacrificing access to schools, shopping, and healthcare. A rare blend of strategic positioning and pastoral charmthis is a land opportunity that speaks to both the head and the heart. Please note there is no sign at the property.
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Our Executive Mortgage Banker:
$480,000
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 | $384,000 | $384,000 | $384,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.322% | 6.144% | 5.415% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,211 | $2,300 | $3,062 |
| Total Monthly Payment | $2,286 | $2,375 | $3,137 |
* 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.