Under contract-accepting backup offers. Check out this 3-bedroom, 2-bathroom home in Lutz that is a solid investment opportunity, offering plenty of potential. It features high and vaulted ceilings, a wood-burning fireplace in the living room, and a foyer entry that leads into a living room/dining room combo. The home is in need of some updates but offers a good layout and spacious rooms. The primary bedroom has a walk-in closet and an attached private bathroom. There's an inside laundry room for added convenience, along with plenty of closet space throughout for extra storage. The home also includes a screened-in back lanai, which provides a decent outdoor space, though it may need some work to fully enjoy. The two-car garage offers parking and additional storage options. Located in a good area of Lutz, the home is close to SR-54 for easy access to major roads. You're just minutes away from Tampa Premium Outlets, various dining options, and I-75, making it convenient for shopping, dining, and commuting. This property is a great find for someone looking for a home with potential, but it will need some attention to make it shine. If you're looking for a fixer-upper or a solid investment, this one is worth a look.
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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 | $240,000 | $240,000 | $240,000 |
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 | $258 | $258 | $258 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,617 | $1,595 | $2,024 |
Total Monthly Payment | $1,950 | $1,928 | $2,357 |
* 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.