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Opportunity, character, and Old Florida charm come together on this unique 5-acre property in Pierson! Located in Northwest Volusia County’s horse country, this high and dry property sits at approximately 85 feet above sea level and offers a peaceful rural setting with outstanding potential. Set beneath a stunning canopy of large, mature oak trees, the 1947 home is full of character and ready for someone with vision to restore it. The property features a new roof, new septic, a pole barn and lean-to, 2 active ferneries, pond access, and 2. 5 acres of irrigated hammocks planted with mature foliage production served by a 4-inch well. There is also potential for continued agricultural use, with the agricultural water consumptive use permit able to be reapplied for through SJRWMD. With horses allowed by zoning, this property offers flexibility for farming, equestrian use, hobbies, storage, or future plans. The home does need significant repair, making this an ideal opportunity for an investor, renovator, or buyer looking to restore a vintage homeplace to its former charm. Conveniently located just about 30 minutes from Ocala or Ormond Beach, this property combines country living, agricultural potential, and a location that keeps you within reach of town, coast, and central Florida amenities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$280,000
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 | $224,000 | $224,000 | $224,000 |
| 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 | $204 | $204 | $204 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,325 | $1,379 | $1,815 |
| Total Monthly Payment | $1,604 | $1,658 | $2,094 |
* 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.