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Forty acres of beautiful land with pine forests, pastures and hardwoods. While this property lies in Flagler County and technically has a Bunnell address, access is off Tymber Creek Rd in Ormond Beach via Durrance Lane. The parcel has a long clearing on one side that was originally intended as a private airstrip. However, the current owner uses the unique clearing as a hunting ground, though it could be an ideal pasture, homesite or both. This land is very remote with no nearby neighbors or structures on the large tracts that it borders. The natural serenity is remarkable with abundant wildlife. Several small ponds on the property are ideal for catching native warmouth.
The healthy Whitetail Deer population is evident at every turn. A rustic, but comfortable camp has been constructed beneath the shade of tall trees and offers three sleeping quarters and a proper "Cracker Kitchen" on the sprawling covered porch. This spectacular property should prove an excellent long-term investment as the new Ormond Crossings mega development will be in fairly close proximity and these larger parcels are becoming harder to find. Property is fenced.
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Our Executive Mortgage Banker:
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$489,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $391,200 | $391,200 | $391,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,343 | $2,470 | $3,249 |
| Total Monthly Payment | $2,418 | $2,545 | $3,324 |
* 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.