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Charming 1948 Triple Cottage Compound in Historic Dunnellon. If you've been searching for that perfect Old Florida investment or family retreat, these delightful trio of 1948 cottages with metal roofs & screened front porches for rocking chairs to view the generous half-acre+/-. is ready for you. The cottages are perfectly positioned half a mile from the Withlacoochee River boat ramp & 1 mile from the Dunnellon Rainbow River park and 5 minutes from Blue Run Park trail with walking & biking trails connecting all the way to Tampa. All three cottages have metal roofs, front screened porches, split rail fencing, updated kitchens, washer/dryer hookups. Cottages #1 & 3 are both 600sqft under air, 738 total under roof with 1 bedroom & 1-bathroom, with custom barn door to bedrooms. Cottage #2 offers 968 sqft under air, 1168sqft total under roof, includes 2 bedrooms, 2 full bathrooms, with a bonus room. Cottage #2 shows as a duplex on county property appraisers' site and could possibly be retrofitted back to a duplex. There is a 480 sq ft exterior building for storage. All three cottages have tenants, leases available for review for serious buyers.
The homes are convenient to antique shops, art gallery, restaurants, shopping & more. Ocala/World Equestrians Center are within 30 minute; Tampa & Orlando are accessible within 2 hours. Come own a piece of Real Florida In Historic Dunnellon. All 3 Cottages have their own address Cottage#1 20997 RIVER DR DUNNELLON Cottage #2 20994 W PENNSYLVANIA AVE DUNNELLON Cottage#3 20990 W PENNSYLVANIA AVE DUNNELLON
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Our Executive Mortgage Banker:
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$399,000
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 | $319,200 | $319,200 | $319,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.524% | 5.846% |
| Monthly Tax Payment | $253 | $253 | $253 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,888 | $1,991 | $2,629 |
| Total Monthly Payment | $2,216 | $2,319 | $2,957 |
* 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.