INCREDIBLE OPPORTUNITY to own a LAKEFRONT UPDATED CONDO on Lake Fairview!!! FIRST FLOOR condominium WITH BRAND NEW LIGHT GRAY INTERIOR PAINT is on gorgeous ski Lake Fairview. Enjoy your stunning views of the lake every day from your spacious screened porch. Sip your morning coffee gazing at the lake from your primary bedroom or great room both of which open to the screened porch! Talk about location! This complex is near the new, developing Packing District of Orlando, and it is a short drive to College Park, Winter Park, Downtown Orlando, and the tourist attractions. The pool, cabana, recreation area, and the private Lake Fairview beach, are steps away from your screen porch door! Security awaits as you can only reach these areas through the Clubhouse, pool key gates, or your back porch. The complex also has security cameras. Other amenities include tennis courts, boat ramp, fishing, recreational center with kitchen and bathroom facilities, and boat storage (there is currently a waiting list for boat storage). Did I mention this unit has an assigned covered parking space (#17) and one uncovered parking space? There is also a generous visitor parking area. This coveted first floor unit makes it easy to unload your groceries. No steps here! Lovely updates include WOOD LOOKING TILE THROUGHOUT most of this home WITH CROWN MOLDING IN THE LIVING AREAS AND 5 1/3” BASEBOARDS, FRESH LIGHT GRAY INTERIOR PAINT as well as freshly painted baseboards and trim, SOLID WOOD DARK CHERRY CABINETS with soft close drawers, MODERN GRANITE COUNTERTOPS with swirls of gray, beige, and browns, stainless steel appliances, coordinating backsplash, and FRESH UPDATED BATHROOMS including the primary shower! The complex roofs were replaced in 2021! 1065 heated square feet + a 20' by 8' covered, screened back porch. Budget with reserves, condominium docs, and buyer application instructions are available. BUYER MUST BE APPROVED BY CONDO ASSOCIATION, AND BUYER MUST RESIDE IN CONDO FOR 1 YEAR BEFORE LEASING CAN OCCUR. Tax records identify this unit, this lot as #151. The mailing address identifies this unit as #105. Also, #105 is on the door. (lot 151 aka 105).
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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 | $196,000 | $196,000 | $196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $258 | $258 | $258 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,304 | $1,288 | $1,653 |
Total Monthly Payment | $1,637 | $1,621 | $1,986 |
* 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.