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Opportunity meets location in the heart of Crescent City, Florida! Situated on a main road with great visibility, this 2-story wood-frame home sits on a spacious 0. 32-acre lot and features valuable GC-1 commercial zoning--offering flexibility for residential, business, or mixed-use potential. With renovations already in progress, this property is ready for its next chapter. The main home features a spacious upstairs bedroom with two walk-in closets, a remodeled bathroom, restored wood floors, and abundant natural light. The home is functional, while the downstairs remains partially renovated with finishing touches needed--making it ideal for a buyer ready to bring their vision to life. The kitchen has been opened to the living area, creating an open-concept space with a large island-centered layout framed and ready for completion--perfect for entertaining or business. Outside, the property offers: * Offers: **A large yard ideal for gardening, entertaining, and business adventures. **A detached structure in progress, planned as a 1 bed / 1 bath cottage with kitchenette (materials onsite) **A 4-car garage with a newer roof (structure requires repair due to wood rot) **Located just a few blocks from Lake Stella (swimming) and Lake Crescent (boating), all the while on well traveled road, directly on a route where local festivals and parades pass by. This property combines small-town charm with strong visibility and opportunity. This is a project property with solid potential--ideal for investors, contractors, or buyers looking to create a live/work or income-producing space! Property includes a large installed mini-split system for cooling (One unit downstairs & one upstairs). Along with new metal roofs on all 3 structures less than 5 years ago. Same listed property as Residential Active MLS# 2139686 (REAL)
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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 | $140,000 | $140,000 | $140,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $129 | $129 | $129 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $862 | $884 | $1,163 |
| Total Monthly Payment | $1,066 | $1,088 | $1,367 |
* 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.