Under contract-accepting backup offers. This is a one owner four bedroom pool home in Lake Wales just up the hill from Lake Wailes, a GREAT FAMILY HOME. The family had the home built in 1956 and moved in in 1957. This home had a new ac installed in 2022 with a purification system, new windows were installed a few years ago and there's a tile roof. The original area of the home appears to have terrazo floors under the carpet and the original built in cook top and oven that still work. The washer and dryer hookup are also in the kitchen. The original home had 3 bedrooms and 1 bath. Later a master suite was added and it has it's own office area that could also be used as a nursery. The in ground pool is a very inviting area and a great place for the family to gather under a 17 x 12 covered lania that's just off the family room and a 17 x 15 covered lania off the master suite. The house has a garage in the front and there is an open parking pad in the rear accessible from the alley. The home is conveniently located near Lake Wailes and the park area, Bok Tower Gardens and Spook Hill. You can enjoy the annual 4th of July fireworks from the pool area. Legoland Florida is a few minutes away and the Central Florida attractions are only an hour away.
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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 | $204,000 | $204,000 | $204,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 5.990% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.470% | 6.161% | 5.248% |
Monthly Tax Payment | $75 | $75 | $75 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,240 | $1,222 | $1,612 |
Total Monthly Payment | $1,390 | $1,372 | $1,762 |
* 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.