Overview
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About this home
16604 NW State Road 45 is a home in Cinnamon Hills Estates Ph 1, High Springs. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $1,000 annually.
This 40 acre opportunity is located within “Cinnamon Hills Estates”, an established gated community located minutes from Downtown High Springs Florida, and home to world renowned Ginnie Springs, Poe Springs, Juniper Springs, Ichetucknee Springs, Santa Fe River and other parks and springs featuring recreational activities like swimming, tubing, diving, fishing, kayaking, hiking, camping, and more. Cinnamon Hills Estates is a horse friendly established planned development community with existing home sites ranging in acreage sizes of 1, 3, 5, and 10 acre homesites. Parcel is flat with many native hard woods and fully fenced. Property has the potential of up to 40 one acre home sites or potential 1/2 lots. Seller would consider JV with acceptable developer.
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The essentials
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Details
Districts can re-zone, so verify directly with the district before relying on these.
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
Neighborhood
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA is the fee reported on the listing. 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
$1,200,000
Time on market
247 days
Monthly payment
About $7,745/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $9,646 annual tax bill, insurance, and the $1,000/yr HOA fee.
HOA fee
$1,000/yr
Managed by Bosshardt Realty HOA Management.
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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