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This extraordinary home on an oversized half acre lot, next to Lake Monroe (Seminole County's best kept secret!) is a must see. Just a few minutes walk to dining and nightlife in Historic Downtown Sanford, as well as minutes away from parks, a marina, and the Riverwalk - a four mile long scenic walking/biking trail next to Lake Monroe. This quiet neighborhood has no HOA but plenty of beautiful heritage oaks. At 2600+ plus square feet, there's room for everyone. From the formal living/office, dining room, family room, there’s room to entertain throughout. The well-appointed kitchen boasts modern stainless steel appliances, ample cabinetry and a convenient breakfast bar. Adjacent to the kitchen, the dining/eat in kitchen area offers a seamless flow for everyday meals and special gatherings. The oversized great room (with a pool view) has an impressive brick wood-burning fireplace, adjacent bench seating (with storage) and plenty of places to “plug in”, and a mini bar area great for all of your favorite refreshments and snacks.
French doors open to the back patio giving you and your guests additional outdoor living space. Enjoy the private pool and expansive lanai which is surrounded by a privacy fence and screen enclosure. The master bedroom suite is the perfect retreat featuring a sitting area, his and her closets, and french doors with access to the back patio. Relax in the spa-like master shower. This amazing home boasts new flooring throughout, freshly painted, plumbing was re-piped in 2023 with a new hot water heater as well, a mini split added to the great room, and a separate 1. 5 ton HVAC system for the comfort of the master suite. Electrical was upgraded in 2020 and the roof was re-done in 2019. Septic was recently pumped and inspected.
Minutes from the beautiful Lake Monroe! In a convenient location, close to I-4, Downtown, walking trails, waterfront and more! Explore nearby parks, recreational facilities, and cultural attractions, ensuring a vibrant lifestyle for all. Don't miss the opportunity to make this lovely residence your new home! Schedule your showing today and experience the best of Sanford living at 480 Palm Drive!
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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 | $430,320 | $430,320 | $430,320 |
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 | $240 | $240 | $240 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,899 | $2,860 | $3,690 |
Total Monthly Payment | $3,231 | $3,192 | $4,022 |
* 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.