One or more photo(s) has been virtually staged. PRIME LOCATION & TWO DWELLINGS! Welcome to this UNIQUE AND VERSATILE PROPERTY featuring TWO DISTINCT DWELLINGS, nestled in the heart of DeLand’s charming historic district and less than a 10-minute walk to Stetson University and award-winning Downtown DeLand. As you approach up the crushed shell driveway, this charming and inviting home offering ( 3 bedrooms and 2 full bathrooms 1310 +/-SF in the main home, PLUS Studio/ 1 BA 300+/- SF in the detached in law suite/studio apt. ) Making the combined Under Air square footage total 1596+/- SF . The grand total under roof is Over 1900 SF. This stylish property blends modern upgrades with charming original details, including vaulted ceiling with beautifully exposed crossbeams. Enjoy the warmth of original red oak wood floors throughout and the unique Spanish terra cotta porcelain tile in the kitchen. A spacious screened-in CEDAR poach offers the perfect outdoor space to enjoy the serene surroundings. The lush surrounding landscape, filled with Florida native plants, enhances the property’s natural beauty. The studio/in law dwelling is a newly updated and offers a full bathroom and a kitchenette. This unit includes a heating and cooling GREE mini-split system. This is a great versatile dwelling with potential for rental revenue. Would also be great for an art studio, or home office This charming home has undergone several UPGRADES, including a new metal roof installed in 2023, new quality Sherwin-Williams Duration paint both inside and out, and a newer water heater, HVAC system, and electrical panels. With its PRIME LOCATION, income potential, and thoughtful updates, this property is a must-see opportunity for both families and investors.
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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 | $259,920 | $259,920 | $259,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.616% | 7.055% | 6.256% |
Monthly Tax Payment | $278 | $278 | $278 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,751 | $1,707 | $2,192 |
Total Monthly Payment | $2,104 | $2,060 | $2,545 |
* 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.