Attention Investors: Welcome to Wedgewood in Grand Island Florida. Discover this 3-bedroom, 2-bathroom home with a 2-car garage and a LOW HOA fee of $125 a YEAR. This community allows long-term rentals. This community has its own well so the water bill is affordable. The property offers the perfect balance of a peaceful, country feel while conveniently located near modern amenities. Prime Location: Close to Lake Eustis and Lake Yale, offering recreational opportunities and scenic views. This home is near a 9-hole golf course for all you golf enthusiasts.
Wedgwood provides a friendly atmosphere and convenient access to nearby amenities, including shopping, dining, boating, and other recreational opportunities. Whether relaxing in the spacious backyard or exploring the surrounding area, this home offers a wonderful opportunity to enjoy the Florida lifestyle to its fullest. This home has easy access to major roads, allowing for convenient travel to all the major attractions in Orlando, including Disney World, Universal Studios, and other tourist sites. This home does require some TLC and is priced accordingly, making it a fantastic opportunity for buyers looking to customize and add their personal touch. Don't miss out on this home in a serene and sought-after neighborhood. We are only accepting cash or conventional financing and a quick closing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$240,000
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 | $192,000 | $192,000 | $192,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | $272 | $272 | $272 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,294 | $1,276 | $1,619 |
Total Monthly Payment | $1,641 | $1,623 | $1,966 |
* 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.