|
|
PRIVATE 1 ACRE LOT in St. Augustine's desirable 32086 zip code with large shade trees & open rural zoning! This secluded lot is partially fenced, there is an existing well, septic, 2 large metal 10x20 sheds and impact fee credits for an 1801-2500 square foot house previously covered/paid. The mobile home on the lot holds NO VALUE. It has been destroyed by many years of excessive roof leaks and will need to be removed. The value is in the ACRE of land, impact fee credits with value estimated at $22, 490 and other existing improvements. Acre lots this close to town in this area are few and far between. There is a recorded easement across 5620 Datil Pepper Rd that is used to access this property and the two lots beyond it. Maintenance costs for the private drive and culvert are shared between the 3-4 homes that use it, via an informal agreement, according to the two neighbors I have spoken to. Lot elevation is approx 29 feet above sea level according to the My Elevation App. Open rural zoning allows for site built, modular, mobile homes & barndominiums. It also allows for a variety of uses including some homebased businesses, green houses, goats, chickens and more. You may also keep your RV, boat, ATV, or work truck parked at home. Located in zone X so flood insurance would NOT be required by lenders. Please see attachment in MLS or contact me for more details about OR zoning. Buyer to verify all information important to purchase, including but not limited to impact fee credits, easement details, zoning, lot boundaries and whether or not existing improvements can be used with a new dwelling. Seller & listing broker have no prior knowledge of property.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$139,900
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $111,920 | $111,920 | $111,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $689 | $717 | $937 |
| Total Monthly Payment | $764 | $792 | $1,012 |
* 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.