One or more photo(s) has been virtually staged. Priced Below Certified Appraised Value! 3 Bedroom, 2 Bath, 2 Car Garage on a rare and valuable Rare . 72 Acres of land on the shores of Lake Magdalene. With a serene view of calm waters bordered by native Florida wetlands and woods, you will imagine that you are miles away from civilization. But, instead, you are only a few minutes away from all that the Lake Magdalene and Carrollwood Area offers. Yes, this home needs someone's TLC to bring it back to it's full glory. The Asking Price already reflects this. The good news is that the Roof has already been recently replaced. The A/C Heat Pump System is modern. The Water Heater was just replaced recently. And the modern front load Washer and Dryer stay. The owners have had a recent detailed Surveys which the EPC Wetland Setback and X Flood Zone lines. There are also recent 4-Point and Wind Mitigation Inspection Reports. Imagine dividing this extra large lot into two lots and then building two new luxury homes. Just contact the County for what possibilities may exist to divide this magnificent piece of land; or to expand or replace the existing home. The options are many and every one of them is exciting! Seller will consider any reasonable Purchase Offers.
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Our Executive Mortgage Banker:
Our Insurance Division:
$575,000
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 | $460,000 | $460,000 | $460,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $281 | $281 | $281 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,060 | $3,057 | $3,944 |
Total Monthly Payment | $3,433 | $3,430 | $4,317 |
* 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.