6725 NE 8th Lane, Okeechobee, FL, 34974 | $159,900

INVESTOR ALERT & BUYER DREAM! 0. 46-ACRE DOUBLE LOT WITH NEW ROOF & FHA POTENTIAL! Priced sharp for an immediate contract at $159, 900, the seller is sweetening the deal by offering a $3, 000 CLOSING COST CREDIT to the buyer! Take advantage of this rare, sprawling property comprising two combined parcels in the quiet Four Seasons Estates subdivision. Why rent when you can own for less? Thanks to this $3, 000 credit, a buyer can secure a massive double lot and a move-in-ready home for less than $10, 000 out of pocket, with a monthly payment that is significantly cheaper than renting a typical 3-bedroom apartment in South Florida. This spacious 3-bedroom, 2-bathroom manufactured home offers 1, 512 heated square feet (2, 688 total under roof) and has a newer roof and a permanent structural Property consists of two combined parcels (Lots 121D & 124D) currently taxed as one. Zoned RM (Residential Mixed) with Rural Activity Center future land use, offering excellent flexibility for additional structures or expansion. New roof installed [Insert Year]. Property is being sold in as-is condition. Buyers and their agents to verify all zoning, density, and building regulations directly with Okeechobee County planning department. It is the responsibility of buyer and agent to check this information

Features

  • Rooms: 3
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Common Area
  • Style: Other
  • Development: Four Seasons
  • Year Built: 2000
  • Heating: Other
  • Cooling: Other
  • Approx Sq. Feet: 1,512
  • Acreage: 0.46
  • Est. Taxes: $1,013
  • Elem. School: Everglades (Okeechobee)
  • Middle School: Osceola
  • High School: Okeechobee
  • Pet Policy: Yes, No Restrictions
  • Appliances: Cooktop, Dishwasher, Oven, Other, Refrigerator, Washer, Electric Cooktop, Freezer
  • MLS#: B26032600
  • Website: https://www.raveis.com
    /prop/B26032600/6725ne8thlane_okeechobee_fl?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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305.922.5393

Pedro.Delgadillo@raveis.com

Our Insurance Division:

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6725 NE 8th Lane, Okeechobee, FL, 34974

$159,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $127,920 $127,920 $127,920
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.424% 6.628% 5.933%
Monthly Tax Payment $84 $84 $84
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $777 $808 $1,062
Total Monthly Payment $936 $967 $1,221

* 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.