Rare and incredible opportunity to live on the Winter Park/Chain of Lakes in the desirable Lake Maitland Terrace community. This 2 bedroom 1 bath LAKEVIEW condo offers amazing updates along with its own BOSCH (2017) washer/dryer (included) in bedroom 1. This resort style property offers privacy, tranquil lake views and serene opportunities keeping you busy on or off the water. As you enter you are greeted with LVP flooring, brand NEW INTERIOR paint (2024) throughout, newer BOSCH (2017)mini dishwasher, updated galley kitchen with granite counters, and new lighting. The bathroom has an updated vanity, granite counters and tub/shower combo. Additional upgrades to the condo include ELECTRICAL PANEL (2017) and HOT WATER HEATER (2021) DOUBLE PANED windows, ROOF (2023) & the A/C is 2014. Just sit a spell by the lake in the Adirondack chairs listening to the wildlife, watching boaters or waiting on the sunset. Opportunity awaits with paddle boarding or kayaking on this lake too. With ample storage for kayaks, this condo even includes a KAYAK for your enjoyment on the lake. So many amenities in the community, so don't forget just a short walk across the street is Lake Lily for a peaceful walk along the boardwalk, Sunday markets, or festivals galore. Additionally the community offers a gorgeous pool, clubhouse with wrap around porch, a community gas grill, a putting green, shuffleboard courts, car wash area, and enclosed bicycle storage. With convenient location to many shops and restaurants, minutes away from Park Avenue and easy access to travel. Professionally managed by First Service Residential, with a full-time Community Manager and full-time Community Maintenance person. H. O. A. includes Water, Sewer, and Valet Community Garbage Collection. Convenient direct unit mail delivery through your own door mail slot. You may also obtain a permit for an electric car charger for your unit parking space. Service animals or ESA are allowed with documentation. Don’t miss the hidden gem of a community!
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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 | $239,920 | $239,920 | $239,920 |
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 | $178 | $178 | $178 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,616 | $1,595 | $2,023 |
Total Monthly Payment | $1,869 | $1,848 | $2,276 |
* 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.