The Commons - Parcel A is located on State Road 100 about halfway between Lake City and Lake Butler. The property is mostly cleared with a few large oak trees on the land. There is plenty of paved road frontage and homes nearby. Electricity is available to the land. For water and sewer you would need to install a well and septic tank.
There is no requirement or timetable to build. However when you decide to build it must be 650 square feet or larger. Modular homes and mobile homes are allowed providing they meet the minimum square footage and are 10 years of age or newer when initially placed on the land. Farm animals are permitted with the exception of pigs. You may also camp on the land no more than 100 days within a calendar year.
The Commons has a very special location. It is 10 miles to downtown Lake City, 11 miles to Lake Butler, and at only 39 miles to Gainesville you are in commuting distance to the largest city in our region. In Gainesville there are four major hospitals (one of which is a regional VA Center), a regional airport for connecting to national and international flights, the prestigious University of Florida, Santa Fe College , and all the city amenities you would need. These conveniences are available to you while still enjoying the tranquility of your acreage in the peaceful countryside.
Purchase Price of $29,995. Annual Percentage Rate 8.90%. Amortization based on 291 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 $40,422.93, total payment amount is $68,422.93 total purchase price is $70,417.93. There is no qualifying required for the loan.