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About this home
703 W Magnolia St is a home in Leesburg S Main St, Leesburg. Flood zone x - outside the FEMA high-risk areas, which keeps insurance manageable.
Rare downtown Leesburg opportunity to develop a multi-story residential or commercial project or both at once(mixed use). Property is .44 +/- acres and zoned Central Business District (CBD) within historic downtown Leesburg, Florida. Zoning and Code would allow for as many as 6 stories (72’). Ideal location to eat/work/play in a historic downtown venue where one can walk everywhere. All information is believed accurate and correct but not guaranteed or warranted & subject to change without notice.
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The essentials
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Details
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$849,000
Time on market
54 days
Monthly payment
About $4,895/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $516 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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