Welcome to your serene retreat in Rainbow Lakes Estates! This charming 3-bedroom, 2-bathroom home offers a perfect blend of comfort, space, and potential. Nestled on a sprawling 2. 02-acre lot, this 1, 728-square-foot gem invites you to experience the tranquility of country living with all the modern conveniences. With a little TLC, this home can truly shine.
As you step inside, you’re greeted by an open floor plan that seamlessly connects the living, dining, and kitchen areas—ideal for family gatherings or entertaining friends. Cozy up by the glass-sealed gas fireplace on chilly evenings, and enjoy the natural light streaming through double-paned windows. The sturdy 3K PSI poured concrete frame not only ensures durability but may also provide peace of mind with potential lower insurance costs.
The primary suite is a private haven featuring a spacious walk-in closet and en-suite bathroom, while two additional bedrooms makes it flexibly for guests, a home office, or a hobby room. Step outside to explore the expansive lot—perfect for gardening, outdoor activities, or simply soaking in the beauty of nature. An outdoor shed with electricity adds extra convenience for storage or a workshop.
Rainbow Lakes Estates is a vibrant community with no HOA, offering you the freedom to make this space your own. Enjoy nearby amenities like parks, a boat ramp, clubhouse, and playgrounds, perfect for outdoor enthusiasts. The property is zoned R1 (site-built homes only) and is located in flood zone X, meaning no flood insurance is required.
Conveniently located just 20 minutes from the World Equestrian Center, 40 minutes from Ocala, 50 minutes to UF Gainesville, and 1 hour 15 minutes from Disney in Orlando, this home provides the perfect balance of seclusion and accessibility. Noteworthy features include copper water lines, four roof straps bolted into the concrete frame, and partial gutters.
Don’t miss this opportunity to make it your own—schedule your showing today and start living your dream in Rainbow Lakes Estates!
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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 | $271,200 | $271,200 | $271,200 |
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 | $282 | $282 | $282 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,782 | $1,782 | $2,270 |
Total Monthly Payment | $2,139 | $2,139 | $2,627 |
* 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.