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One or more photo(s) has been virtually staged. HIGHLY DEMANDED 3. 39 ACRE PROPERTY IS NOW FOR SALE!. . . This endless opportunity for potential use is located on Federal Highway US 41, and 1 block south of a major intersection connecting the Suncoast Parkway to I-75!. . In other words, there is a constant flow of movement around the property, constant!. . Additionally, this rare gem of Florida land is centrally located within the county, with multiple other major roadways nearby. . . 485 feet of road frontage and the property extends deep back off of the road to a retired phosphate mine. . . Most of the roadway on US 41 (N. Florida Ave) and nearby major roads are in the process of - or already completed - their road expansion. . . The location of this closed motel and vacant land is in one of the few remaining areas in the county to undergo road widening which will increase value & traffic to the area once complete. . . Hernando has recently exploded with growth, commercial & residential. . . 2 blocks NE is Lake Hernando which includes boat ramps, a sandy beach and a park. . . An abundance of Florida's natural springs, wildlife preserves and parks are all also nearby and downtown is a 5 minutes drive. . . In county limits. . . No Flood Zone!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,500,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,000,000 | $2,000,000 | $2,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.312% | 6.235% | 6.223% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,831 | $12,152 | $16,877 |
| Total Monthly Payment | $11,956 | $12,277 | $17,002 |
* 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.