This home has the charm of your favorite Hallmark movie - just in time for the Holidays! Welcome to 707 Magnolia Drive, where timeless Southern Charm meets modern convenience. Located in Altamonte Springs this home is minutes to I-4 (the express lane entrance!), Saint Mary Magdelan School, Orangewood Christian School, the Orlando Sportsplex, and all the incredible dining and shopping that Maitland, and Winter Park has to offer! This home is also walking distance to Eastmonte Park that offers baseball/softball fields, an impressive playground, a tennis court, and a basketball court.
Nestled under the shade of majestic trees adorned with Spanish moss, this 5-bedroom, 2. 5-bathroom home holds warmth and character from the moment you arrive. Entering into the home you’ll notice a cozy family room, complete with a brick wood-burning fireplace, original pine wood floors, and space for all your guests to enjoy themselves. Two sets of French doors open to additional den/flex space, and a home office/library, respectively. Through the formal dining room to the back of the home is the adorable kitchen which hosts newer stainless steel appliances and an eat-in space. Step outside to a screened-in porch and a charming deck, ideal for entertaining or enjoying the tranquility of your private backyard. Off the kitchen is a presidential home office and connected 1/2 bathroom - this space is very versatile and can be turned into a full Master Bedroom by simply adding a shower/tub (the plumbing is already in place for this conversion), OR this space can be an attached in-law suite for family or rented as an Airbnb, as it has its own entrance from the outside. Downstairs is also home to an additional 2 spacious bedrooms and a newly updated bathroom off the living room. Upstairs you’ll find two more charming bedrooms and a full bathroom. The green carpet upstairs can be pulled up to reveal GORGEOUS pine hardwood floors, if you should desire! Amazing upgrades include NEW ROOF in 2018, NEW AC in 2021, double-pane windows, hot water heater is new in 2020, NEW downstairs bathroom, NEW metal covering for the porch, and a paved driveway with a 2-car garage. Do NOT wait to make this house your home.
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William Raveis Real Estate
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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 | $440,000 | $440,000 | $440,000 |
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 | $114 | $114 | $114 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,964 | $2,924 | $3,711 |
Total Monthly Payment | $3,170 | $3,130 | $3,917 |
* 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.