Situated across from Groveland Elementary School, this partially renovated home is ready for the final touches to bring it to its full potential. The property features a new roof, new windows, and a new AC unit, setting a solid foundation for the remaining work. The interior has seen significant progress, with sheet rock installed throughout the home. The luxury vinyl plank/laminate flooring has been partially laid, though it requires completion. Electrical work has been started but will need to be finalized by the next owner. The kitchen remains a blank canvas, with cabinets, fixtures, and appliances yet to be installed, offering an opportunity to design the space to your taste. This home sits on a generous 12, 000 square-foot wooded lot and is conveniently located just a few blocks from State Road 50 and the LakeXpress bus stop. Ideal for investors or buyers eager to complete the renovation and add their personal touch, this property is full of possibilities.
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William Raveis Real Estate
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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 | $199,600 | $199,600 | $199,600 |
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 | $162 | $162 | $162 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,328 | $1,327 | $1,711 |
Total Monthly Payment | $1,565 | $1,564 | $1,948 |
* 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.