Step into the world of contemporary sophistication with this newly-built residence located in DeLand's Lincoln Oaks Community, finalized in 2021. Encompassing over 1600 square feet, this home invites you into a bright OPEN FLOOR PLAN showcasing three bedrooms and two-and-a-half baths strategically placed upstairs for maximum privacy. Indulge in modern conveniences, such as a cutting-edge smart thermostat and NEW stainless steel appliances. The community enhances your lifestyle with LOW HOA fees and entry to a magnificent new pool, coupled with the tranquility of secluded backyard space. Opportunity for profitable rental income in a highly sought-after area, this property stands as an excellent investment opportunity. Deland alone features a charming and historically significant downtown area filled with delightful shops, eateries, and cultural attractions. It is also home to the esteemed Stetson University, a private institution. While Blue Spring State Park is commonly associated with nearby Orange City, it's worth noting that this natural treasure is situated nearby, attracting visitors with its famous manatee gatherings during the winter months. Don't miss your chance—schedule a viewing today!
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $251,920 | $251,920 | $251,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $401 | $401 | $401 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,676 | $1,655 | $2,124 |
Total Monthly Payment | $2,152 | $2,131 | $2,600 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.