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Make your American dream a reality in Northwest Volusia County, Florida. This unique 5-acre early-American homestead and farm offers a rare opportunity to restore a property full of history, character, and potential. Set on high and dry land at approximately 85 feet above sea level, this property reflects the kind of setting early settlers were drawn to for its elevation, usability, and long-term appeal. The property includes 2 homes, including a main home believed by the seller to date back to 1874, while property appraiser records reflect 1903 as the effective age for tax purposes. A mother-in-law home with attached garage, built in 1937, adds further flexibility for multi-generational living or future restoration. Both homes have sustained vandalism and will require significant rehabilitation. Additional improvements include a separate garage with concrete floor for the main home, along with the agricultural infrastructure to support a variety of future uses. The property features a former orange grove, an independent 5-inch well, and above-ground irrigation covering approximately 4 acres, creating opportunity for farming, horticultural use, or a new agricultural venture. Whether you envision planting a new crop, creating a horse ranch, or establishing a family compound, the land offers a strong foundation for many possibilities. An added advantage is that power and city water are already on site, and the existing improvements may offer value to a buyer from an impact fee standpoint, subject to verification by the appropriate authorities. The property’s central location adds to its appeal, with convenient access to schools, sports, rodeo events, the St. Johns River, beaches, camping, state lands and parks, and both fresh and saltwater fishing. This is a rare chance to own a piece of old Florida with room to dream, restore, and create something special. Buyer to verify all information deemed important, including age of structures, zoning, permitted uses, impact fee credits or savings, utility availability, agricultural improvements, and intended future use.
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Our Executive Mortgage Banker:
Our Insurance Division:
$275,000
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 | $220,000 | $220,000 | $220,000 |
| 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 | $291 | $291 | $291 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,301 | $1,337 | $1,783 |
| Total Monthly Payment | $1,667 | $1,703 | $2,149 |
* 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.