Under contract-accepting backup offers. Welcome to your charming retreat in the heart of Tavares, "America's SeaPlane City. " This newly listed 2-bedroom, 1-bath home on a spacious lot near downtown offers the perfect blend of comfort and convenience. Impeccably remodeled in stages by the current owner, this residence boasts modern updates and is nearly complete. Ideal for first-time buyers or investors seeking a promising opportunity in a thriving community, don't miss your chance to own a slice of Tavares's coveted lifestyle. Tavares was founded by newspaper and railroad man Alexander St. Clair-Abrams in 1880 and named for a Portuguese ancestor. While St. Clair-Abrams did not achieve his dream that Tavares would become the state capital of Florida (Tallahassee has held the spot since 1823), in 1887 the city was named the seat of Lake County, and remains so today. This cute home is just blocks away from all the fabulous restaurants, downtown events and the lakefront park. Schedule a showing today and envision yourself calling this place home!
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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 | $172,720 | $172,720 | $172,720 |
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 | 7.404% | 7.133% | 6.236% |
Monthly Tax Payment | $154 | $154 | $154 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,149 | $1,148 | $1,457 |
Total Monthly Payment | $1,378 | $1,377 | $1,686 |
* 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.