Seller may consider buyer concessions if made in an offer ~ Perfectly situated less than a mile from historic Downtown Deland this OVERSIZED CORNER LOT is full of INVESTMENT POTENTIAL! The . 34 ACRES includes a 1926 built home that has been completely RENOVATED but still exudes the historical charm of 1926; the main home is 2BD/1BA while the IN-LAW SUITE/APARTMENT in the rear has 1BD/1BA in addition to the full kitchen. There is also a detached garage with 500 sq ft under A/C for the perfect workshop or hobby space and a large shed in the backyard provides additional storage. The ROOF, ELECRICAL, A/C and WATER HEATER were all UPDATED IN 2018 and there are TRAVERTINE TILE and WOOD FLOORS throughout. The main home features crown molding, a cozy fireplace and an UPDATED KITCHEN! There is plenty of parking - BRING YOUR BOAT or RV - and the private backyard is the perfect blank canvas whether you live in one of these character filled homes or rent them both out. You are just minutes from Stetson University and E New York Ave is a straight shot to I-4. Enjoy shopping and dining in historic downtown as well as easy access to local entertainment, parks and more. Opportunity is knocking! Call today to schedule a tour and discover all the possibilities this unique property has to offer!
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Our Executive Mortgage Banker:
Our Insurance Division:
$450,000
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 | $360,000 | $360,000 | $360,000 |
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 | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $504 | $504 | $504 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,395 | $2,393 | $3,036 |
Total Monthly Payment | $2,974 | $2,972 | $3,615 |
* 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.