Super Rare!! 4 Bed 1 Bath 1, 105 sf Single Family with an 864 sf Guest House, for a total of 1, 969 of living space, on one the nicest streets in the Lake Shore Neighborhood. This home is located on a quiet block in a super convenient location just off Lakeland's Medical Corridor. It is truly close to it all. It's just steps to the Lake Parker walking and biking path, Lakeland Regional Hospital and Watson Clinic. Downtown Lakeland, the I-4, Shopping and Restaurants are just a few minutes away. . The Front Home received significant updating in 2021. A new roof and central airwere installed, kitchen and bath were updated as well as paint and flooring. The kitchen features stainless appliances. There is also a large covered patio off the family room on the side of the home for outdoor entertaining and relaxing. The Guest House also had a new roof installed in 2021. It has window AC units. the Guest house is good sized and has a flexible layout with two living or sleeping areas as well as a large storage room. the Guest House has its own mailbox address and electric meter. It is currently rented on a month to month lease at $900/mo. This property can be perfect for any buyer that has a larger family, needs multi generational living, or would like additional income from the Guest House. it would also make a terrific investment property as an annual rental, furnished monthly rental for Visiting Nurses & Spring training visitors or even as a full time Airbnb in either or both homes. All Dimensions approximate. Buyer/Buyer's Agent to Verify. Please note the adjacent vacant lots East and West of this property are not included and not for sale.
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William Raveis Mortgage, LLC
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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 | $247,920 | $247,920 | $247,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | $268 | $268 | $268 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,547 | $1,506 | $1,959 |
Total Monthly Payment | $1,890 | $1,849 | $2,302 |
* 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.