1416 Madrid WAY, Winter Springs, FL, 32708 | $395,000

Under contract-accepting backup offers. Welcome to 1416 Madrid Way in the Sunrise community. This charming 1, 636 Sqft, 3 bedroom, 2 bathroom sits on a quarter acre lot, one of the larger lots in the community. Ample backyard space to expand and or utilize; add sheds, decks, pool, extend the porch, only limited to your imagination. The home features two living areas that is divided by a wall that could easily be removed if you wanted a true open floor plan but some would say the division is ideal for growing families. Both bathrooms have updated features to their vanities and mirrors and an oversized master bedroom with a walk in closet. Turning over to the community itself, it is wonderous. The amenities for only $330 per year is spectacular. Soccer Field, Tennis Court, Basketball Court, Baseball Field, Play Ground, and a Park. Outstanding!! The home is zoned for Rainbow Elementary, Indian Trails Middle and Oviedo Highschool. Not 5 minutes away from the major intersection of Red Bug and Tuskawilla Rd. where you will find grocery stores, pharmacy, fast food and restaurants, financial institutions, and more. 5 minutes further from that is Red Bug Lake Park. A monumental amount of activities occur on these fields not just for kids but including adult recreational sports such as kickball, softball, soccer, etc. This home is prime real estate location for a new or growing family. Schedule a showing and come take a look today! Video and 3D tour available.

Features

  • Amenities: Basketball Court, Maintenance, Park, Playground, Tennis Court(s)
  • Rooms: 10
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 146 x 60 x 81 x 157
  • Laundry: In Garage
  • Style: Traditional
  • Year Built: 1978
  • Garage: 2-car Driveway, On Street
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,636
  • Acreage: 0.25
  • Lot Size: 146 x 60 x 81 x 157
  • Est. Taxes: $3,839
  • HOA Fee: $330 Annually
  • Lot Desc: Irregular Lot, Sidewalk, Unincorporated
  • Elem. School: Rainbow Elementary
  • Middle School: Indian Trails Middle
  • High School: Oviedo High
  • Pet Policy: Yes
  • Appliances: Convection Oven, Dishwasher, Microwave, Refrigerator
  • MLS#: O6249943
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /prop/O6249943/1416madridway_wintersprings_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 10/24/2024 8:17:11 AM)
Listing courtesy of CENTURY 21 ALTON CLARK   Phone: 407-636-4637

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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

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1416 Madrid WAY, Winter Springs, FL, 32708

$395,000

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 $316,000 $316,000 $316,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.375% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.760% 7.042% 6.160%
Monthly Tax Payment $320 $320 $320
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,183 $2,076 $2,645
Total Monthly Payment $2,578 $2,471 $3,040

* 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.