One or more photo(s) has been virtually staged. PRIME LOCATION and NO HOA! Multi Purpose Home! Welcome to this unique 7-bedroom, 5. 5-bathroom home located in the desirable Lake Marsha neighborhood of Dr. Phillips! Perfect for multigenerational living or investors, this property offers incredible versatility and endless potential. As you step inside, you're greeted by a cozy family room featuring a charming brick fireplace. Down the hallway, the kitchen and dining room area serve as the heart of the home. Adjacent to the kitchen, you'll find a private mother-in-law suite, complete with two bedrooms and a full bathroom—ideal for guests or extended family. To the right of the kitchen, a hallway leads to three additional bedrooms and a bathroom. Among these is the primary bedroom, which boasts an ensuite bathroom. Another bedroom can function as a home office, gym or playroom complete with a private door leading to stairs that access the second floor. Notably, three of the bedrooms feature cedar closets, adding a touch of luxury and practicality for your storage needs. The second floor, which can be used as an efficiency unit, provides a bathroom and two additional bedrooms, including another primary suite with an ensuite bathroom. The unit also boasts a private outdoor stair entry, a second kitchen with Corian countertops and shaker-style cabinets, and a cozy living room area with access to a screened balcony with lake views and an outside grilling area, making it ideal for rental income or additional family space. This home includes two full eating kitchens, making it ideal for multi-generational living or maximizing rental income potential. Car enthusiasts or hobbyists will love the 4-car garage, which includes a workshop area and additional storage space, perfect for a handyman or mechanic. Conveniently located just minutes from Universal Studios, major shopping centers, and top-rated schools, this home offers both prime location and unmatched potential.
Whether you're looking for an investment property with income-generating options or a spacious home for a large family, this Lake Marsha gem is the perfect fit. Don’t miss your chance—schedule a showing today!
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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 | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.171% | 6.538% |
Monthly Tax Payment | $469 | $469 | $469 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,253 | $4,248 | $5,481 |
Total Monthly Payment | $4,814 | $4,809 | $6,042 |
* 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.