NO HOA! NO CDD! This beautifully remodeled 3-bedroom home in the heart of Lake Wales is a must-see! Conveniently located near churches, shopping, restaurants, and parks, it’s just minutes from the iconic Bok Tower. Perfect for first-time homebuyers, this charming property features a spacious, fenced backyard shaded by mature trees, ideal for outdoor enjoyment. The bonus workshop provides additional storage or a space for your hobbies. The open kitchen boasts stainless steel appliances and offers alley access with private parking, ensuring quiet and convenient entry. With backdoor access to the third bedroom, you have the potential for a mother-in-law suite or a space for those “boomerang” nesters. This property is not only an excellent starter home but also a fantastic investment opportunity. Plus, you’ll find an elementary school just across the street, contributing to the family-friendly atmosphere. Enjoy the benefits of slower traffic and a strong law enforcement presence in the area. Central air conditioning will keep you comfortable during those hot Florida summers. Don’t miss out on this incredible property! Schedule your tour today and discover the beautifully landscaped pond and waterfall right at your front door. Someone is looking at this listing right now—could it be you?
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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 | $156,000 | $156,000 | $156,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $256 | $256 | $256 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,051 | $1,037 | $1,316 |
Total Monthly Payment | $1,382 | $1,368 | $1,647 |
* 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.