Imagine a property nestled along Florida's picturesque Chain of Lakes, where the shimmering water stretches out in all directions, offering breathtaking views and endless opportunities for lakeside living. The land is abundant with tall, mature trees, providing natural shade and a tranquil ambiance. The air carries a faint scent of pine mixed with the freshness of the water, creating a serene environment that feels like a peaceful escape.
On the property sits an old trailer, weathered by time and the elements. The exterior is rusted, with peeling paint and a roof that has seen better days. Windows are cracked, and the porch is slightly sagging, a testament to years of use. The interior is a mix of outdated fixtures and faded wallpaper, with worn-out flooring that creaks underfoot.
But where others see a tear-down, someone with the vision of Joanna Gaines sees potential. The trailer, though in rough shape, could be transformed into a cozy lakeside retreat or even cleared to make way for a stunning new build that takes full advantage of the property's location. The lot itself is expansive, offering plenty of space for outdoor living areas, a dock extending into the lake, or even a garden filled with native Florida plants.
With a bit of imagination and a lot of love, this property could become a dream home on the Chain of Lakes, blending rustic charm with modern comforts, just as Joanna Gaines would envision. Seller is very motivated.
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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 | $108,000 | $108,000 | $108,000 |
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 | $49 | $49 | $49 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $719 | $718 | $926 |
Total Monthly Payment | $843 | $842 | $1,050 |
* 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.