Presented byNicole Vargas |
The Charming Holiday Spring and Homestead is located in Lake County on CR 48 in Yalaha. The property features 9. 64 acres with a fully contained third magnitude spring, Holiday Spring, a main mid-century style home, two additional residential structures, an equipment barn, outdoor brick oven, and a private spring water swimming pool. All of this with canal access to Lake Harris.
Holiday Spring is a small circular pool about 5 feet in diameter and 3 feet deep at the upstream end of a shallow pool, narrow, wooded ravine. The water in the pool emanates from a nearly horizontal tubular passage with a submerged opening 3 feet wide and 2 feet high. The passage slopes gently downward in blue-green clay to the southeast. Flow from the pool is northward down a gently meandering run 0. 25 miles to Lake Harris. The run is 6-8 feet wide in most places. Spring sand boils are common at various locations in the sandy bottom of the run all the way to Lake Harris. Depth of the run varies from a few inches to a foot or two. A few hundred feet down the run from the head of the spring flow can be diverted through a concrete swimming pool on the west side of the run. The owner uses the spring water to fill a private swimming pool.
The homestead includes three residential structures, an equipment barn, an outdoor brick oven, and a private spring water swimming pool with spacious deck. The spring water swimming pool is one of a kind and offers the opportunity to utilize the spring in a unique way that is classic to Old Florida properties. The structures on site can be utilized for the homestead or as income-generating uses such as Air BnB or rental site. The structures at the property include:
1977 Mid-Century Single Family Home w/Spring Water Swimming Pool. The structure is 2291 Sq Ft, 2 Bedrooms, 3 Bathrooms, Central A/C, Garage, Outdoor Patio/Porch, 1945 Residential Building, 1160 Sq Ft, 2 Bedrooms 1 Bathroom, Central A/C, Fireplace, Porch, Carport
1950 Residential/Office Building - the upstairs is a fully built out office (currently used as a law office) and the first floor is designed for residential use.
1948 Sq Ft, Two-Story, 1 Bedroom, 2 Bathrooms, 1 Half Bathroom
1969 Equipment Barn 2340 SF
The Holiday Spring and Homestead property is a unique opportunity to acquire a wholly contained third-magnitude spring with numerous income potential structures, including a mid-century homestead.
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NMLS Mortgage Loan Originator ID 38342
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,389,600 | $1,389,600 | $1,389,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.825% | 6.864% | 6.956% |
Monthly Tax Payment | $207 | $207 | $207 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,362 | $9,013 | $12,297 |
Total Monthly Payment | $9,693 | $9,344 | $12,628 |
* 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.