140 E Michigan STREET E, Lake Helen, FL, 32744 | $850,000

Commercial and residential! The possibilities are endless with this property in Lake Helen aka "The Gem of Florida" Retail space of 900 square feet with full bathroom lots of shelving and display area for merchandise , storage space and separate entrance that is wheelchair accessible. Also has mini split H/A in wall. Home has 3 bedrooms, and 2 1/2 baths with 3300 sq. ft. Large master bedroom has huge bathroom with whirlpool tub, double sink vanity and walk in closet. Beautiful oak flooring in living areas with the exception of kitchen and dining areas. Cypress ceilings in dining area and Florida room with cypress walls. 12 x 14 wooden deck outside Florida room. Also big front porch for your relaxation. The upstairs garage apartment was easily rented for $1100. 2 bedroom and large bath with washer/dryer, balcony overlooking the park and lake. Around back there is a large garage with enough room for 4 to 5 cars and 2 overhead doors. Roof is 3 years old, both HVAC units have been replaced in the last 3 years. This property is between Lake Helen post office and the lake with park. Must see and easy to show.

Features

  • Property Type: Mixed Use
  • Construction: Block, Brick, Metal Siding
  • Utilities: BB/HS Internet Capable, Electricity Available, Phone Available, Public, Water Connected, Water Nearby
  • Garage: 6 to 12 Spaces, Curb Parking, Ground Level, RV Parking
  • Heating: Heat Pump
  • Cooling: A/C - Office Only, Mini-Split Unit(s)
  • Units: 3
  • Lot Size: 165 x 150
  • Year Built: 1988
  • Approx Sq. Feet: 3,296
  • Acreage: 0.55
  • Est. Taxes: $6,987
  • Lot Desc: Central Business District
  • Appliances: Dishwasher
  • MLS#: V4939724
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/V4939724/140emichiganstreete_lakehelen_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/4/2024 9:17:09 PM)
Listing courtesy of GREENE REALTY OF FLORIDA LLC   Phone: 386-734-2200

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NMLS Mortgage Loan Originator ID 16953

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140 E Michigan STREET E, Lake Helen, FL, 32744

$850,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $680,000 $680,000 $680,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.625% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.209% 6.750% 6.664%
Monthly Tax Payment $582 $582 $582
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,354 $4,354 $5,924
Total Monthly Payment $5,028 $5,028 $6,598

* 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.