91 Wellwood LANE, Palm Coast, FL, 32164 | $389,000

Incredible investment opportunity! This duplex features long-term tenants in one side, eager to continue their lease, ensuring immediate rental income. Both sides feature 3 bedrooms and 2 bathrooms and a dining area overlooking the family room.  We have a new roof, new skylights and new water heaters, all replaced in 2023. Side A's AC is from 2018 while side B's AC is from 2023 as well as both sides having indoor laundry and gutters for added convenience. Enjoy high ceilings and skylights that flood the space with natural light, plus a floored attic for extra storage.

The vacant Side A boasts fresh paint, new stainless steel fridge and stove, some new flooring, new blinds, and an attached garage, making it move-in ready. Side B is home to reliable long-term tenants in an all-tile unit who also maintain the yard as part of their rental agreement. Each side includes a one-car garage, sliders to an open patio and the property backs up to a wide freshwater canal, offering the potential for beautiful views and great outdoor setting. Don’t miss this opportunity!

Features

  • Bedrooms: 6
  • Units: 2
  • Lot Size: 86 x 125 x 76 x 125
  • Laundry: Electric Dryer Hookup, Inside, Laundry Closet, Washer Hookup
  • Year Built: 1987
  • Garage: 2-car Driveway
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,218
  • Acreage: 0.23
  • Lot Size: 86 x 125 x 76 x 125
  • Est. Taxes: $4,125
  • View: Trees/Woods, Water
  • Elem. School: Rymfire Elementary
  • Middle School: Buddy Taylor Middle
  • High School: Flagler-Palm Coast High
  • Pet Policy: Yes
  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • MLS#: FC304347
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/FC304347/91wellwoodlane_palmcoast_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 11/22/2024 2:09:51 AM)
Listing courtesy of REALTY EXCHANGE, LLC   Phone: 386-446-0017

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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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91 Wellwood LANE, Palm Coast, FL, 32164

$389,000

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 $311,200 $311,200 $311,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.296%
Monthly Tax Payment $344 $344 $344
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,070 $2,068 $2,624
Total Monthly Payment $2,489 $2,487 $3,043

* 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.