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Established Equestrian Farm, 23(mol) acres are located in Citrus County in an area that is known for its agrarian lifestyle. The property is flanked on two sides with paved roads; trees line the roads for a private setting. The farms entrance is off of Circle M Ave. with double gate entry. The acreage hosts an 8-stall cement slab center isle barn with dedicated office, tack room (saddle racks included), feed room with sink & shelving, all have window units for climate control, & a 3-piece bathroom. Hot & Cold water for washing station. Stalls have fans, cement flooring with rubber mats. There is an extra stall attached (making for 9 total) with sand base but rubber pads for feeding area. The 5 oversized paddocks are easily accessed from the barn, all have plenty of natural shading, watering stations & feeding stations. Paddock closest to barn has lean two, also used for holding area & extra riding ring for lessons. Main riding areas include a pony ring 100x100+/- with lighting, also included is a clay based 190 x 200+/- riding ring. Exterior buildings include hay storage, utility storage & exterior office area. There is plenty of acreage to build your dream home, riding facility, cow farm etc. The land is mostly flat but with a gentle roll, the sun rises and sun sets are spectacular. The current owner does have boarders so possibility for this to be an income producing adventure.
Southern Ranch Sorting is less than 1/2 a mile away; World Equestrians Center is 30-minute drive. Riding, Walking, Biking Trails are all within 10 minutes. There is public Withlacoochee River boat access which by car is 2 minutes away along with the Rainbow River only 10 minutes. Farming supply stores are 5 minutes, and 10 minutes is historic Dunnellon with shopping, medical, community events, restaurants, etc. Needing some salt air, the Gulf is 15 minutes away with great small-town feel.
The location is perfect for an agrarian lifestyle that North Central Florida is known for along with a variety of activities & experiences so close & convenient. Currently the water is coming from the Sellers well that is on the adjoining 11 acres they live on, there is an abandoned shallow well on the property that Seller does not believe is useable, Buyer will need to drill a new well for the barn & paddocks.
The possibilities that this acreage offers the new owner is limited to their goals & dreams. The Seller has a new survey available for Buyer's review.
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William Raveis Mortgage, LLC
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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 | $588,000 | $588,000 | $588,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.431% | 5.668% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,478 | $3,620 | $4,766 |
| Total Monthly Payment | $3,570 | $3,712 | $4,858 |
* 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.