GREAT INVESTMENT OPPORTUNITY---FIXER-UPPER with TREMENDOUS potential! This is a fantastic opportunity for investors, contractors, or buyers with a vision! Located in the neighborhood of Ivydille of Loch Arbor! This 4 bedrooms, 2 bathrooms home offers incredible potential to create your dream space. The property is ready for a total makeover and is priced accordingly, reflecting the needs of updates. The interior needs a full renovation, while the home requires work, the bone is solid, and the location can't beat. Close to shopping, restaurants, Sanford Zoo, Sanford Marina, Lake Mary, and Heathrow, Lake Monroe and Lake Jessup. Also Conveniently located near major roadways, such as I-4, SR 417, and SR 429. Minutes from Historia downtown Sanford and Sanford Orlando Airport. No HOA! Roof was replaced in 2021! With a little TLC, this house can become a beautiful home that reflects your style and meets your needs. Don't miss out on this opportunity to invest in a property with endless possibilities! Schedule your showing today and see the potential for yourself!
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Our Executive Mortgage Banker:
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$275,000
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 | $220,000 | $220,000 | $220,000 |
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 | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $153 | $153 | $153 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,482 | $1,462 | $1,855 |
Total Monthly Payment | $1,710 | $1,690 | $2,083 |
* 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.