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The property is equipped with electricity on site. There was previously a well on the property; however, it is no longer in working condition, and a new well installation will be required. An existing enclosed structure remains on the property and may offer potential for future conversion with the appropriate improvements and permitting; the structure is not currently deemed habitable. The previous residence was removed due to damage, opening up the lot for new development.
The entire property is fully enclosed with durable aluminum fencing and is zoned R4 Residential Mixed Use, allowing for higher-density residential uses and added flexibility compared to traditional single-family zoning. This zoning may accommodate options such as a single-family home, manufactured home, or other residential configurations, subject to county approval and permitting requirements.
The rear of the property backs up to a large wooded area, providing added privacy and a peaceful natural backdrop. This fully fenced 0. 31-acre lot is well-suited for your next project, whether you are building a primary residence or exploring residential development opportunities allowed under R4 zoning.
Conveniently located near Umatilla and Eustis, with easy access to shopping, dining, and everyday essentials, and just a short drive to The Villages. Enjoy a quiet, rural feel while remaining close to town, making this an excellent option for those seeking flexibility, privacy, and accessibility.
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Our Executive Mortgage Banker:
Our Insurance Division:
$45,000
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 |
|
|---|---|---|---|
| Loan Amount | $36,000 | $36,000 | $36,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.292% | 5.648% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $207 | $219 | $292 |
| Total Monthly Payment | $282 | $294 | $367 |
* 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.