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Affordable CBS Home with Mother-in-Law Suite on Over Half an Acre in Reddick, FL!
This is the cheapest property available in Reddick and a perfect opportunity for investors, DIY enthusiasts, or anyone looking to customize their next home. Situated on over half an acre, this Concrete Block (CBS) home offers a solid foundation and plenty of potential.
The main residence features one bedroom and one bathroom, along with a spacious living area and an enclosed sunroom that provides abundant natural light. The septic system, well, and electric are all in good working order, offering a strong starting point for renovations.
The separate Mother-in-Law Suite, also constructed with concrete block, includes one bedroom and one bathroom, offering privacy and flexibility for guests, family, or future rental use.
There is also a workshop and pump house on the property, adding valuable storage and utility space.
The home will require a full renovation to reach its full potential. The main house needs all new kitchen cabinets and appliances, new flooring throughout, drywall repairs, an updated bathroom, new fixtures, and fresh paint. The Mother-in-Law Suite will need a complete interior overhaul, including the kitchen, bathroom, and flooring. The workshop and pump house will benefit from a deep clean and light touch-up work.
This is a rare opportunity to own a multi-structure block home on a spacious lot at an unbeatable price. With the right vision, this property could shine once again.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$99,990
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $79,992 | $79,992 | $79,992 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | $84 | $84 | $84 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $506 | $525 | $670 |
Total Monthly Payment | $665 | $684 | $829 |
* 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.