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Presented by
Kevin J Balboni |
Opportunities like this rarely exist, 5 acre tract just 6 miles from the ocean. Compare to neighboring subdivisions where ½ acre sells for $200, 000 to $350, 000. This is 5 acres…with a guest house, 3 bay workshop and room for a fishing pond, campfire, parking your RV or boat or even put in a horse stable…. can you do anything like that in the “upscale” subdivisions nearby? Heavily wooded in the back half and tall pines and oaks in the front give you the privacy your family needs.
Zoned residential to protect from commercial activities and overcrowding. . . this quiet location is only 2 miles to I95 and restaurants, medical offices and world class schools.
There are three structures currently on the property, a 1973 main residence of 2000sf 4/2 that is in need of complete remodeling as everything is original. A 3/1 guest house built in 2013 that needs to be finished inside and out and a 1300sf three bay workshop that needs a completely new exterior. . . estimates available for remodeling or removing the structures should you want to build to suit.
The property has never flooded and includes well and septic for all three buildings. No report of mold or other pest infestation although a full pest inspection is recommended.
Main residence is brick & block with roof truss system that allows for room rearrangement. Sold as is.
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NMLS Mortgage Loan Originator ID 38342
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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 | $639,999 | $639,999 | $639,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $846 | $846 | $846 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,833 | $4,041 | $5,315 |
| Total Monthly Payment | $4,771 | $4,979 | $6,253 |
* 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.