A cleared and primed lot With the infrastructure ready is strategically positioned in a booming area along the bustling I-4 corridor between Orlando and Tampa. This lot lies in its rear an unobstructed view of tennis courts and a lush green common space, providing more privacy and tranquility . The lot is located within the secure gated subdivision of Water Ridge community that sits between three picturesque lakes that offers everything from tons of water sports activities, clubhouse, 3 community pools, 4 lighted tennis courts, 2 private boat ramps, Gym, Sauna, walking trails, fishing pier and Boat Storage. This lot can be sold by itself or can be sold with the adjacent lot for more privacy and larger home. The community is in close proximity to Jack Brown Seaplane base, Disney theme parks, Legoland, Suntrax leading the future for car researches and Florida Polytechnic University and Florida Southern College in Lakeland.
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Our Executive Mortgage Banker:
Our Insurance Division:
$90,000
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 | $72,000 | $72,000 | $72,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $497 | $479 | $607 |
Total Monthly Payment | $572 | $554 | $682 |
* 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.