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Under contract-accepting backup offers. **Buyer backed out on closing day. Title is clear and survey will be available with executed contract. ** Located just one mile from I-75, this exceptional 7-acre vacant lot in NW Ocala has effortless access to Gainesville, Tampa, and Orlando. This hidden gem would be a golden opportunity for savvy developers/investors looking to capitalize on the explosive growth occurring along the W Highway 326 corridor. With subdivision potential, this property is perfectly positioned to meet the surging demand for residential development in NW Marion County. Whether you're planning a residential subdivision, positioning for future development, or land banking in one of Florida's hottest markets. . . this is the one. This gem won't stay hidden for long so be sure to schedule your showing today! All outlines and dimensions are approximate. Buyer is responsible for verifying all property info.
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Our Executive Mortgage Banker:
Our Insurance Division:
$224,999
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 |
|
|---|---|---|---|
| Loan Amount | $179,999 | $179,999 | $179,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.395% | 6.520% | 5.900% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,079 | $1,123 | $1,483 |
| Total Monthly Payment | $1,154 | $1,198 | $1,558 |
* 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.