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MUST SEE and READY TO BUILD, LAKEFRONT LOT, a RARE FIND in Ocala. Create your own private retreat in the gated community of Oak Creek Caverns, where luxury and serenity go hand in hand. This exceptional 1+ acre lot with retaining wall is located on a cul-de-sac. The views from your new backyard would look over the stocked lake and out to the rolling hills of a horse farm and are breathtaking. The prep work is done for you to place a below ground septic. Lot has an existing power pole and irrigation well . Engineering study has been done and, clay removed and replaced with clean fill and septic sand. This community offers privacy while being close to great schools, shopping, hospitals/medical care, Heath Brook Plaza, and is about 9. 5 miles to the World Equestrian Center. HOA requires 2500 sq ft living space for a single story and 1500 sq ft living space for the 1st floor of a 2 story home. Measurements are estimated. Contact HOA to verify. Irrigation well is grandfathered in. Make your mark here and let your vision for your beautiful lakeside santcuary come to life.
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Our Executive Mortgage Banker:
Our Insurance Division:
$300,000
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $240,000 | $240,000 | $240,000 |
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 | 7.083% | 7.063% | 6.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,517 | $1,577 | $2,009 |
Total Monthly Payment | $1,592 | $1,652 | $2,084 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.