***PRICE REDUCED*** 1 ACRE LAKEFRONT HOME with private BOAT RAMP and NO HOA!!!! Rare opportunity to own this custom built lakefront home on spring fed LAKE OLA. Just mins away from desirable Downtown Mount Dora, waterfront parks/recreations, marina and so much more. This 3 BD/ 3 BA open-floor plan offers the true Florida lifestyle! Upon arrival, down the elongated private driveway to the front entry. You are sure to notice the 3 CAR GARAGE with double sided doors on the first space and additional parking pad on the side. Providing easy access and storage for all your watercraft toys with trailers or an RV. Renovated kitchen off the spacious living/dining room boasting granite counter tops, custom cabinetry and gas range. The Master Suite is truly an OASIS featuring an expansive walk-in custom closet, sliding doors with access to a small private courtyard on one side and access to expanded Florida Room along the back of the house. NEWLY RENOVATED Master Bath retreat features a garden tub, spacious standalone shower, granite counter tops, dual sinks, soft touch light vanity mirrors and ADA compliant. Natural lighting throughout from the double pane PELLA windows and newly installed siding doors. Across the hall from the half bath is an expanded laundry room with a full shower, storage closets/cabinets, utility sink/countertop and private side entry. Enjoy the panoramic waterfront views from almost every room in the home. ***NEW ROOF 2019***NEW A/C 2022***NEW SEPTIC/DRAINFIELD 2023*** Home generator installed 2022 by GENERAC with transferable warranty. NEW Orange County Schools being built on the East Side of Sadler.
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Our Executive Mortgage Banker:
Our Insurance Division:
$699,000
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 | $559,200 | $559,200 | $559,200 |
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 | $376 | $376 | $376 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,767 | $3,717 | $4,716 |
Total Monthly Payment | $4,235 | $4,185 | $5,184 |
* 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.