Don't miss this amazing opportunity! Located in Indian Lake Estates, a golf and lake community in Central Florida, this home provides two bedrooms/one bath in the main house and a separate efficiency suite with private living/sleeping area, kitchenette and bathroom. This unique property comes with six one-half acre lots for a total of three acres! You could live in the main house and rent out the suite which has its own separate entrance, or use it as a mother-in-law suite or just utilize as a private space for quests. Next to the home is a large 24x38 detached garage! Store your boat, your ATVs, motorcycles, truck, extra car parking or whatever you need! The home and garage are on a little over an acre and on one tax folio. The other four lots have their own parcel ID numbers. You can keep all the privacy that these lots provide or you could have a family compound! Each of the four extra lots are buildable lots. The kitchens in both the main house and the suite have been updated. The main house has easy-care ceramic tile throughout and the suite has wood laminate in the living area. ***Other notable features of this unique property are: Newer windows, metal roof, storage shed in back and lots of paved parking area. *** When you are not enjoying this charmer, Lake Walk In Water is just a 5-minute drive away where you can enjoy boating and fishing and magnificent sunsets while sitting on the longest freshwater pier in the State Florida! Located about 20 miles east of Lake Wales, the community surrounds the 7, 500 acre lake locally known as Lake Walk In Water, considered to be one of the best fishing lakes in Florida. The community has a beach, boat ramp, boat marina and pavilion. The pavilion comes complete with propane grills and covered picnic tables. Amenities include an 18 and 9-hole golf course, basketball and tennis courts, playground, 23, 000 sq. ft. clubhouse, cafe, post office, churches, library, fitness room and pro shop. If you love nature and the peace and quiet of the country, you're in luck. Deer, raccoon, turkey, turtles, eagles, cranes and various species of birds abound! Orlando & Disney is about an hour's drive north and Tampa, Busch Gardens and the Gulf's pristine beaches a little over an hour west. Historic Bok Tower, a National Landmark, is in nearby Lake Wales and the Westgate River Ranch Resort and Rodeo is just six miles away, an authentic Florida dude ranch and full-service resort offering guests the opportunity to experience "Old Florida. " Don't let this one get away!
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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 | $304,000 | $304,000 | $304,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $225 | $225 | $225 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,048 | $2,020 | $2,564 |
Total Monthly Payment | $2,348 | $2,320 | $2,864 |
* 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.