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1409 S 8th STREET, Leesburg, FL, 34748 | $748,000
Under contract-accepting backup offers. Final week on the market - Final price drop - Seller motivated!! COME FALL IN LOVE with this Multi generational home. This amazing historic home is located in the beautiful Palmora Park neighborhood with spectacular views of Lake Harris. This home is nicely renovated tying in the old world charm with modern touches. The main house is 3372 sf with 3beds/2. 5 bathrooms, 2 living spaces and a bonus room. This home comes with a huge income potential with a second building in the back which is a total of 1056 sqft and has two apartments/in-law suites with separate electric meters (1st floor 1bed/1bath second floor 2bed/1bath) including a full kitchen and laundry inside each unit.
Extensive renovations were done on this property, yet its authentic beauty remains untouched. The home has a newer roof, AC, ceramic tile floors in wet areas, newer kitchen with quartz counter tops, just to name a few. The yard is completely fenced in with a storage shed behind the apartments. The gate to the property is remote controlled and provides access to the large yard, apartments and opens wide enough to drive your RV in.
Palmora Park is a thriving golf cart community with a range of outdoor activities just an arms length away. The community hosts tournaments for fishing, volley, baseball, etc. Additionally the boat club gives you direct lake access to enjoy a range of water sports. The community also does holiday fireworks and holiday light parades. Being walking distance to historic downtown Leesburg is just another jewel in the crown of this 102 year old home.
If you’ve dreamed of a water front home with the feel of Savannah in Florida, nothing comes close to this home. Make your dreams a reality and start living the true Florida lifestyle. Click the link for a video tour:
https: //vimeo. com/960681285?share=copy
Features
- Rooms: 3
- Bedrooms: 6
- Baths: 4 full / 1 half
- Lot Size: 120 x 225
- Laundry: Laundry Room
- Year Built: 1922
- Heating: Central
- Cooling: Central Air, Mini-Split Unit(s)
- Approx Sq. Feet: 4,430
- Acreage: 0.62
- Lot Size: 120 x 225
- Est. Taxes: $8,175
- Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
- MLS#: O6215452
- Days on Market: 75 days
- Website: https://www.raveis.com
/prop/O6215452/1409s8thstreet_leesburg_fl?source=qrflyer
Listing courtesy of CHARLES RUTENBERG REALTY ORLANDO Phone: 407-622-2122
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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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
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1409 S 8th STREET, Leesburg, FL, 34748
$748,000
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 |
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|---|---|---|---|
| Loan Amount | $598,400 | $598,400 | $598,400 |
| 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 | $681 | $681 | $681 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,032 | $3,977 | $5,046 |
| Total Monthly Payment | $4,805 | $4,750 | $5,819 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388