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85257 Airplane Lane is a solid four-bedroom, two-bath frame home set on a generous lot of more than half an acre in Yulee, Florida, with no HOA and no monthly water or sewer bill. The biggest update is already done: a brand-new shingle roof was installed just last year. The home also features an upgraded 150-amp electrical panel, central heat and air with ductwork throughout, some newer windows, and plumbing in good working order. It runs on two on-site wells (one deep, one shallow) and a septic system, and a brand-new whole-house propane generator conveys with its cords and outlet. Two storage buildings and a one-car detached garage add space, and flooring tile is already on site for a buyer who wants to refresh the floors. With some siding and cosmetic updates, this is a chance to build instant equity in an established Nassau County neighborhood near Amelia Island, Fernandina Beach, and Interstate 95. sold As-Is
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Our Executive Mortgage Banker:
Our Insurance Division:
$279,900
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
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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 | $223,920 | $223,920 | $223,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.512% | 5.866% |
| Monthly Tax Payment | $239 | $239 | $239 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,341 | $1,397 | $1,845 |
| Total Monthly Payment | $1,655 | $1,711 | $2,159 |
* 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.