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Prime opportunity! Seller is highly receptive to all qualified offers, and is open to flexible owner-financing options. This expansive 6. 65 acre property is shovel-ready, presenting a versatile canvas for a variety of lucrative ventures. The site is ideally suited for a residential subdivision, a modern mobile home park, or a charming tiny home community, leveraging the increasing demand for diverse housing options. Beyond residential possibilities, its strategic location and clear expanse make it perfect for commercial uses such as truck, trailer, or RV storage, or even a secure boat storage facility. Adding to its inherent value, the property includes existing infrastructure from its previous use as a racetrack. On-site improvements feature a durable concrete block garage, an operational well, and a septic system, significantly reducing initial development costs. Furthermore, a unique building, formerly used as a tower for the track, this building has 2 bathrooms. Property Highlights: Expansive 6. 65-acre cleared tract on Jones Road, ideal for development. Shovel-ready with versatile potential for various ventures. Residential Development Potential: Suitable for a residential subdivision. Ideal for a modern mobile home park. Perfect for a charming tiny home community. Commercial Use Opportunities: Excellent for truck, trailer, or RV storage. Secure boat storage facility. Existing Infrastructure from Prior Racetrack Use: Durable concrete block garage on-site. Operational well in place. Existing septic system. Unique two-bathroom building, formerly a track tower. Additional Features: Small storage shed. Irrigation system. Property suitable for a plant nursery. Great for fairgrounds, carnivals, or other outdoor parties and events.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,500,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,000,000 | $2,000,000 | $2,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.440% | 6.110% | 5.952% |
| Monthly Tax Payment | $413 | $413 | $413 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,513 | $11,991 | $16,608 |
| Total Monthly Payment | $12,051 | $12,529 | $17,146 |
* 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.