One or more photo(s) has been virtually staged. Under Construction. Discover the perfect home at Groves at Grand Island, where you'll experience the convenience of a spacious three-car garage, roomy grounds, and accessibility with its incredible location. Nestled between Lake Yale and Lake Eustis, and right off Routes 44 and 452, you'll enjoy convenient access to downtown Eustis, Mount Dora, and Orlando. Running errands or stocking up on groceries is a breeze with Publix Super Market just 7 minutes away. You'll also have access to local restaurants and shops in downtown Eustis and Mount Dora, just minutes away. If you're a fan of an active lifestyle and love the outdoors, you'll love finding numerous parks, lakes, golf courses, and nature preserves nearby. Experience a world of convenience and adventure while living in a quiet, rural setting close to all the beautiful orange groves.
The Southgate features 4 large bedrooms and 2 full bathrooms, ensuring ample space for relaxation and privacy. Step inside and be wowed by the spacious open floor plan, which allows for seamless flow and endless opportunities to relax and entertain. The heart of the home is the inviting living room, where large windows flood the space with natural light, creating a warm and inviting atmosphere. Enjoy the spacious master bedroom, fit for royalty. Embrace your own personal oasis, complete with a large walk-in closet that will satisfy even the most modern homeowner. Imagine lounging outdoors on your large covered lanai, surrounded by the soothing sounds of nature. For car enthusiasts or those who crave ample storage space, the 3-car garage is a dream come true. Say goodbye to clutter and hello to convenient organization and peace of mind. No detail has been overlooked and this residence even features a laundry room, making the task of doing laundry a breeze. Practicality perfectly matches style in this beautiful home.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$415,990
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 | $332,792 | $332,792 | $332,792 |
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 | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | $433 | $433 | $433 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,242 | $2,212 | $2,806 |
Total Monthly Payment | $2,750 | $2,720 | $3,314 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.