One or more photo(s) has been virtually staged. Interior photos coming soon. MOUNT DORA. Last refurbished in 2021, Mid Century Modern- 3/1. Plumbing & Electrical have been updated.
Constructed in 2003, the property features a HUGE- HD Aluminum 24'x18' detached-garage w/ lockable roll up door. This garage appears to have been designed with the intention of accommodating and restoring vehicles originally. Equipped w/ 200-amp service ~ (3) ~ 220 outlets and its own dedicated breaker box inside. Washer/Dryer hookups within and connected to properties drain field in rear / backyard of the lot. It's ready for your next project and/or to provide you with the personal / business storage you need.
Roof is less than 4 years old, and the drain-field is less than 6 years old. New double pain windows and ceiling fans installed in 2021. Newer HWH. Home is equipped with three mini-split air conditioning units. NOTE: Mini-split units were damaged during Hurricane Milton (mid October 2024) due to a power surge and are currently inoperable. Also, due to process involved in replacing old electrical wiring and bring up to code, there is a small gap (in some areas) between the top of the drywall and the ceiling. Property owner started to repair/refinish this gap in someplace but is incomplete. Open to negotiating a solution for both items as needed.
All appliances convey. This property offers substantial future potential due it its convenient & desirable location. Multiple side / backroads can be used to access the property to stay off of busy SR 441. Mount Dora Middle/High schools zoned. City water/trash pick up included in utility bill/property taxes. High Speed Internet connected. Fiber optic available. Central to the best local shopping, dining, waterfronts, and entertainment districts. In the heart of the Golden Triangle: Mount Dora | Tavares | Eustis. Inquire today and make this one yours.
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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 | $175,200 | $175,200 | $175,200 |
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 | $217 | $217 | $217 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,180 | $1,164 | $1,477 |
Total Monthly Payment | $1,472 | $1,456 | $1,769 |
* 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.