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Under contract-accepting backup offers. Welcome to 124 Mileham Dr, a unique lakefront property brimming with potential. This 3-bedroom (potential 5 bed) 3-bathroom home is perfect for those with a creative vision, offering a fantastic opportunity to renovate and transform it into your dream home. The main level features a spacious living area with stunning lake views, a kitchen awaiting your personal touch, and a dining area ideal for family gatherings. The master suite includes an en-suite bathroom and ample closet space. Two additional bedrooms and a second full bathroom complete the main level, ensuring comfort and convenience for family and guests. The walkout basement expands your living options with a second kitchen, perfect for entertaining or creating a separate living space. This level also includes a cozy family room, a bonus office with a closet that can easily serve as a fourth bedroom, and a third bathroom. A 4 car garage provides Ample storage space and parking with access to upstairs and downstairs living. Included with this property is a second lot, presenting numerous possibilities for expansion or development. Buyers interested in building on the second lot will need to split the property post-sale. For details on building requirements, please inquire. Note that the lots will not be separated before the sale, presenting a unique investment opportunity. This property invites you to bring your creativity and imagination to envision the possibilities. Enjoy the tranquility of lakefront living with the convenience of nearby amenities, including shopping, dining, and entertainment options in Orlando. Don’t miss this rare chance to own a piece of paradise and create your ideal home. Schedule your private showing today and explore the potential that awaits you at 124 Mileham Dr.
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Our Executive Mortgage Banker:
Our Insurance Division:
$775,000
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 | $620,000 | $620,000 | $620,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.159% | 6.538% |
Monthly Tax Payment | $819 | $819 | $819 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,177 | $4,121 | $5,316 |
Total Monthly Payment | $5,088 | $5,032 | $6,227 |
* 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.