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2800 Magnolia AVENUE, Sanford, FL, 32773 | $239,900
Priced to generate highest and best. Great opportunity to rehab a former duplex. Large Corner Lot with majestic oaks. No inside access provided. This is a former duplex. There is a 2 Bedroom and 1 bathroom with a Living room and Kitchen on one side and there is a 3 Bedroom and 1 bath on the other side. Walls remain, Floors remain, Most of the ceilings were removed. Roof was installed around 2005. HOWEVER. . . . the kitchens have been removed. Bathrooms have a One Piece Fiberglass Tub/ Shower Combo as renovations were started. New ductwork was run in the ceiling and an air handler was placed in attic. Age is estimated to be 10 years old and unsure of brand and actual age. This one stretches across 2 lots. No inspection period. Offers are accepted only with POF in buyers name and current date. All information is deemed reliable but buyer to do own due diligence with the city and permitting. Seller has never occupied the property. Let's negotiate to generate multiple streams of income from this income producing property.
Features
- Rooms: 7
- Bedrooms: 5
- Baths: 2 full
- Laundry: None
- Year Built: 1948
- Heating: Central
- Cooling: Central Air
- Approx Sq. Feet: 1,154
- Acreage: 0.31
- Est. Taxes: $1,385
- Elem. School: Pine Crest Elementary
- Middle School: Millennium Middle
- High School: Seminole High
- Appliances: None
- MLS#: O6242750
- Days on Market: 1 day
- Website: https://www.raveis.com
/prop/O6242750/2800magnoliaavenue_sanford_fl?source=qrflyer
Listing courtesy of LPT Realty Phone: 877-366-2213
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
2800 Magnolia AVENUE, Sanford, FL, 32773
$239,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 | $191,920 | $191,920 | $191,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
| Monthly Tax Payment | $115 | $115 | $115 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,261 | $1,276 | $1,618 |
| Total Monthly Payment | $1,451 | $1,466 | $1,808 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388