**ATTENTION INVESTORS**Welcome to your next rehab investment, or build your dream home on this beautiful . 29 acre lot**City Water & City Sewer**Located in the heart of the thriving downtown Sanford district! The potential of a renovated gem sits on an oversized lot, 100' x 129', providing you with ample space and endless possibilities. The absence of a homeowners association gives you the freedom to create your own oasis in the huge backyard – envision a garage, a workshop, a pool, or let your imagination run wild. Unique Alley access sits behind your home site allowing for privacy & easy access!!!Bring this home back to its original magnificence. Situated in the Golf Cart zone, this residence invites you to embrace the unique charm of downtown Sanford. Imagine cruising to the area's wonderful breweries, restaurants, shops, and parks in your own golf cart – a perfect blend of convenience and leisure. Don't miss the opportunity to make this renovated haven your own. Schedule your private showing today and embark on a journey to experience the epitome of modern living in the heart of Sanford! Call for your private showing!!!
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Our Executive Mortgage Banker:
Our Insurance Division:
$225,000
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 | $180,000 | $180,000 | $180,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $163 | $163 | $163 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,182 | $1,182 | $1,507 |
Total Monthly Payment | $1,420 | $1,420 | $1,745 |
* 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.