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Presented by
Mary Ellen Madden |
Under contract-accepting backup offers. Opportunity to build on this 0. 36-acre residential vacant lot located on Oakridge Dr in Lady Lake. This generously sized parcel offers exceptional flexibility for a variety of home designs, providing ample space for a primary residence along with outdoor living areas, a pool, detached garage, or expanded yard, subject to county approval. With over a quarter acre of land, this homesite presents a rare chance to design and build a property tailored to your lifestyle, whether you envision a private retreat, a full-time residence, or a seasonal getaway.
Situated in an established area of Lake County, the property offers a desirable balance of privacy and convenience. Enjoy a quiet setting while remaining just minutes from everyday essentials and lifestyle amenities. Located approximately 5 to 10 minutes from The Villages, residents can take advantage of nearby golf courses, recreation centers, dining, shopping, and year-round entertainment. The property is also conveniently located within approximately 10 to 15 minutes of US-441/US-27, providing easy access for commuting and travel to surrounding areas.
Nearby conveniences include Publix, Walmart, and additional shopping centers within approximately 10 to 15 minutes, UF Health The Villages Hospital within approximately 15 to 20 minutes, and Downtown Leesburg within approximately 15 minutes. Spanish Springs Town Square is approximately 10 minutes away and Lake Sumter Landing Market Square is approximately 15 to 20 minutes, offering a variety of dining, retail, and entertainment options. Orlando and surrounding employment centers and attractions are approximately 1 to 1. 5 hours away, making this location both accessible and well-positioned.
This property presents a strong opportunity for buyers looking to build a primary residence, second home, or hold as an investment in a steadily growing area of Lake County where available land continues to become more limited. With its size, location, and proximity to major amenities, this homesite offers both immediate potential and long-term value.
A great opportunity to secure a residential homesite in a growing area and bring your vision to life.
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Our Executive Mortgage Banker:
Our Insurance Division:
$20,000
REALTOR
William Raveis Real Estate
Phone: 978.509.3134
MaryEllen.Madden@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.314.1072
Joanne.OKeefe@raveis.com
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 | $16,000 | $16,000 | $16,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.304% | 5.648% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $95 | $97 | $130 |
| Total Monthly Payment | $170 | $172 | $205 |
* 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.