Over 45 Years of offering beautiful Owner Financed North Florida Acreage
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The Woods
Located in Live Oak, Florida
The Woods is located in Live Oak, Florida. Live Oak is located off Interstate 10, only 15 miles west of the crossroads of Interstate 75 and 10. This makes for an easy commute to Gainesville, Jacksonville, or Valdosta. At The Woods you would be living in the lowest wind zone rating area in Florida reducing your risk from hurricanes, plus home construction cost and insurance costs. Live Oak offers great climate year round and has many amenities while maintaining its small, hometown feel.
In Live Oak you will find Publix, Winn Dixie, Super Wal-Mart, Lowes, Tractor Supply, a hospital, and restaurants.
Six miles north of The Woods is the Suwannee River State Park. It is located at the intersection of the Suwannee and Withlacoochee rivers. This park is alive with history. Visitors can see remnants of a 19th-century steamship and two ghost towns that have been reclaimed by the sandhill wilderness, which is home to diverse and imperiled native species. There hiking trails, campground, cabin rentals, and a paved boat ramp.
The Suwannee River State Park is part of the Twin Rivers Wildlife Management Area which consists of more than 9,000 acres in 14 non-contiguous tracts in Madison, Hamilton, and Suwannee counties. There are areas designated for hunting, fishing, wildlife viewing, canoeing, horseback riding, hiking, bicycling, and picnicking.
At The Woods you will find four 5 acre parcels and a 14.29 acre parcel. The properties are completely cleared and located on a county maintained paved road except for the 14.29 acre parcel which is on a county maintained dirt road. Electricity is available to the front of the properties. For water and sewer, you would need to install a well and septic tank. There is no requirement or timetable to build. Mobile and Modular Homes are permitted. Farm animals are permitted. The properties are zoned 1 home per 5 acres.
There are NO DEED RESTRICTIONS on this property, but you must follow the building codes of Suwannee County when you do decide to build or make improvements.
Automatic, Non-Qualifying Owner Financing Available with NO Prepayment Penalties:
Right to Call: This means that at the end of the specified time period the seller has the option to require any remaining balance of the loan to be paid off in full. One reason lenders have provisions like this in their loans is to protect the lender in the event of large interest rate increase over the years in the market place. For example, the seller made it easy for people to own this land because of the easy terms available. If in ten years the market interest rate is 18% it would be a very bad arrangement for the seller to be locked in at 9.5%. They would want to invest their money at the market rate of interest.
The seller may allow the loan to run that entire 25 year period. However, the seller could require any remaining unpaid balance to be paid off at the end of the term. If the seller does call in the balance the buyer can then refinance the land which should be easy due to with the equity built up in the property and appreciation of land values or pay off the remaining balance. For most of our customers the right to call is not a concern because they plan to pay off their property within ten years in order to save a lot of interest costs.
For example on the 5 Acre Estates, if the buyer sends approximately an additional $3,024 a year (from income tax refunds, bonuses…) or an extra $252 per month, the land would be paid off in ten years.
Purchase Price of $74,995. Annual Percentage Rate 9.50%. Amortization based on 298 payments. You can pre pay all or part any time without penalty. At the listed amount down and assuming the loan runs the full term as opposed to a shorter pay off, then the finance charge is $96,549.73, total payment amount is $156,549.73 total purchase price is $171,544.73. There is no qualifying required for the loan.
Purchase Price of $169,995. Annual Percentage Rate 9.50%. Amortization based on 288 payments. You can pre pay all or part any time without penalty. At the listed amount down and assuming the loan runs the full term as opposed to a shorter pay off, then the finance charge is $210,233.63, total payment amount is $346,233.63 total purchase price is $380,228.63. There is no qualifying required for the loan.