Saddlewood - Estate 38 is located just outside of Lake City, Florida. Lake City is located just west of the Interstate 75 and 10 intersection. This makes for an easy commute to Gainesville, Jacksonville, or Valdosta. At Saddlewood 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.
The main shopping district of Lake City is less than 20 miles Northeast of the property. In Lake City you will find Super Walmart, Lowes, Home Depot, 3 hospitals, Florida Gateway College, Lake City Mall, and much more.
Estate 38 at Saddlewood is heavily wooded in pines and other hardwood trees. The property has over 700 feet of road frontage on a county maintained dirt road. Electricity is available to the front of the land. For water and sewer you would need to install your own well and septic tank. Several families already live in Saddlewood and a home is located next door to the property.
There is no requirement or timetable to build. However when you decide to build it must be 720 square feet or larger. Mobile homes and modular homes are permitted. Farm animals are permitted on the land with the exception of pigs. Camping is allowed on a temporary basis.
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.