Discover one of the largest lots in the Cypress Cay community with this lakefront home! Located in the sought-after Gateway area, this property offers convenient access to the airport and interstates. While the home requires some TLC, it presents a fantastic opportunity to add your personal touch and build equity.
The shingle roof was replaced in 2018, and the home features hurricane impact windows. The downstairs layout includes a spacious living and dining room, a family room, a breakfast area, and a convenient half bathroom. The kitchen boasts Corian counters and stainless steel appliances, awaiting updates to match your style.
Upstairs, you'll find 3 bedrooms and a large loft with a closet, which can be converted into a fourth bedroom, home office, or den. The master suite includes an oversized walk-in closet and an en-suite bathroom with a walk-in shower, soaking tub, separate WC, and dual vanity.
The guest bathroom offers a combination tub and shower. Additional features include a screened lanai off the family room, a large rear yard with serene lake views, and ample storage space, including an under-the-stairs cubby.
Cypress Cay is a low-HOA community with a pool and tot lot. If you're looking for a property with potential, this fixer-upper is your chance to create the home of your dreams in a prime location!
Don’t miss this chance to make it yours and enjoy the benefits of lakefront living and the opportunity to customize.
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Our Executive Mortgage Banker:
Our Insurance Division:
$399,999
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 | $319,999 | $319,999 | $319,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $190 | $190 | $190 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,102 | $2,127 | $2,699 |
Total Monthly Payment | $2,367 | $2,392 | $2,964 |
* 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.