Under contract-accepting backup offers. Location and convenience in our fast paced world is key to finding the right home. Phillips Bay, in the Dr Phillips community is the answer…it’s located walking distance to top rated schools, walking distance to Universal Studios/Volcano Bay, Restaurant Row(40+ restaurants) as well as the Library and popular grocery stores, or driving in 5 minutes. It's within 5 miles from the Hospital, within 20 minutes of downtown Orlando, the airport, Sea World & Disney. Minutes from I-4, turnpike/408 expressways. 2nd to location is a floor plan that works for your lifestyle. Check out the high ceilings, natural light and spacious layout. There is lots of storage which is a must too! Double pane windows for energy efficiency, tile roof replaced in 2011 and HVAC in 2013, all within today’s standard insurance rates. The gates were just replaced and the community pool, fitness center and club house are inviting. The Open Floor plan has am amazing double sized fire place so while dining or entertaining or both you have amazing ambiance with the fireplace crackling . Formal living room could be converted into an office or downstairs bedroom and tie into the 1/2 bath to convert to full. High Ceilings, lots of natural light being on an end unit and plenty of parking are real positives on your wish list. Master Bedroom over sized with huge walk-in closet and "his" closet also hall closet and huge 2nd bedroom that could accommodate huge furniture. Great bones, fantatic open floor plan and it just needs a little "TLC. HOA is sresponsible for the tile roof.
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Our Executive Mortgage Banker:
Our Insurance Division:
$460,000
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 | $368,000 | $368,000 | $368,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.490% | 5.490% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.490% | 6.654% | 5.752% |
Monthly Tax Payment | $503 | $503 | $503 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,326 | $2,324 | $3,005 |
Total Monthly Payment | $2,904 | $2,902 | $3,583 |
* 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.