Seller is offering $5, 000 for the buyer to use toward closing costs or an interest rate buy down. Whether you're looking for a primary residence, Long-term rental or a vacation home, to be used as an AirBNB, don't miss this unique opportunity to own a home with one-of-a-kind custom upgrades, situated in a cul-de-sac—making this property a must-see! The Seller's family invested significantly in custom enhancements, most notably by expanding the floor plan by 80Sqft. This expansion involved extending the rear wall of the home by 2Ft along the 40Ft rear wall, enlarging the primary bedroom, great room, and dining area 2ft in length compared to other homes in the community with the same floor plan. For those that value privacy this home consists of a split-bedroom floorplan with insulation added to the side walls and ceiling to significantly reduce sound from traveling throughout the home while also making it more energy efficient reducing those electric bills! The upgrades also included ceramic tile in the common areas, granite counter tops in the kitchen and bathrooms along with a garden tub in the primary ensuite bath. The bedrooms all feature new gray carpeting. Enjoy a view of 108 acre Lake Tennessee from your backyard. Lake Tennessee has a public boat ramp less then a mile away or drive a few miles further to Lake Juliana consisting of 984 acres. Both lakes are great for fishing and water skiing! Don't have a boat? You can still enjoy fishing off of Lake Juliana's aluminum dock. Located in the heart of Auburndale, offering the atmosphere of rural serenity with easy access to urban amenities such as the Lake Myrtle Sports Complex, Auburndale/TECO hiking Trail, shopping, dining and Publix where you can indulge in one of Florida's world famous "pub subs"!! Conveniently located about 1. 5 miles to I-4 for easy access to Tampa and Orlando, whether it be for work or play! Schedule your showing 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 | $256,000 | $256,000 | $256,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $265 | $265 | $265 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,703 | $1,701 | $2,159 |
Total Monthly Payment | $2,043 | $2,041 | $2,499 |
* 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.