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One or more photo(s) has been virtually staged. Looking for acreage, privacy, and a property you can make your own? This 4. 8-acre property in Lake County has a lot of potential for the right buyer willing to put in some work.
The land is fully fenced and gated with a private entrance and U-shaped driveway. It backs up to pasture land and is surrounded by pine trees, giving it a quiet country feel. There is an older pole barn toward the back of the property, along with a storage shed, chicken coop, dog pen, and RV setup capability already in place.
The mobile home on site offers 3 bedrooms, 2 bathrooms, wood flooring throughout, a new AC unit, a screened back porch, and side porch. The home does need updating and repairs, and the land has not been maintained over the last year, but for someone looking for a fixer upper, investment opportunity, or a place to live while building a future home, there is a lot to work with here. The outside patio was damaged during the last hurricane, although the screened porch is still intact.
Located in Lake County with low yearly taxes, this property offers a country setting while still being within reach of DeLand, Eustis, and Mount Dora.
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Our Executive Mortgage Banker:
Our Insurance Division:
$250,000
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 | $200,000 | $200,000 | $200,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.933% |
| Monthly Tax Payment | $94 | $94 | $94 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,199 | $1,248 | $1,661 |
| Total Monthly Payment | $1,368 | $1,417 | $1,830 |
* 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.