The sellers are relocating out of state and are highly motivated to sell! Do not miss the opportunity to view this captivating 2 bedroom, (Bonus room could be a third bedroom), 2 bath residence located in the sought-after 55+ community of Lakes of Mount Dora. The property features a spacious layout with a den and a generous bonus room, currently utilized as an art studio, which could easily serve as a media room or an additional bedroom and bathroom. The home spans an impressive 2, 663 square feet, highlighting an open floor plan that effortlessly integrates the kitchen, living room, and expansive covered lanai. The living room, enhanced by the tray and high ceilings, offers a light and airy feel while sliding doors provide access to a tranquil lanai and a screened-in heated saltwater pool, ideal for relaxation or social gatherings. The property is enveloped by mature tropical foliage, with a water view ensuring privacy and enhancing the outdoor living experience. This is a turn-key chance to adopt a lively lifestyle in a premier 55+ community, complete with exceptional amenities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$685,000
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 | $548,000 | $548,000 | $548,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.295% | 7.421% | 6.644% |
Monthly Tax Payment | $597 | $597 | $597 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,692 | $3,738 | $4,736 |
Total Monthly Payment | $4,381 | $4,427 | $5,425 |
* 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.