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Old Florida Charm on Over an Acre in Rainbow Park!!
OLD FLORIDA CHARM ON OVER AN ACRE IN RAINBOW PARK! Looking for a piece of classic Florida charm? This exceptional property offers a rare opportunity to own one of the largest parcels in Rainbow Park. Consisting of two parcels totaling five lots and over one acre, this spacious property provides plenty of room to build your dream home while enjoying privacy and a peaceful natural setting. Whether you're seeking a private homesite, a future investment, or a project for residential development, this property offers outstanding potential. With ample space and flexibility, it's well-suited for homeowners, builders, and investors alike. Priced to sell and located in a growing area of western Marion County, this is an opportunity you won't want to miss. Rainbow Park is known for its wooded lots and rural atmosphere while remaining within convenient driving distance of Ocala and the World Equestrian Center. Buyer to perform all due diligence. Prospective purchasers should verify zoning, land use, building requirements, and suitability for their intended use with Marion County Planning and Zoning prior to purchase.
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Our Executive Mortgage Banker:
Our Insurance Division:
$85,000
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 | $68,000 | $68,000 | $68,000 |
| 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 | 6.358% | 6.640% | 5.952% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $407 | $429 | $565 |
| Total Monthly Payment | $482 | $504 | $640 |
* 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.