Welcome home to this boating, fishing and relaxing Paradise located in Welaka FL known as the Bass Capitol of the World. Sit on the back porch of this meticulously maintained home and plan your fishing/river boat trip from your canal. This special property includes a new dock with boat lift and deck on the canal located just a few 100’ from the St Johns River. Situated on a large lot which could be separated again into 2 buildable lots or kept as it is, for 100’ of canal frontage with more privacy. The yard is blessed with towering Oaks draped in Spanish Moss giving you a nostalgic feel of Old Florida but close to all modern conveniences. Inside you will find a large sunny Great room spilling onto the oversized porch and offering room for gatherings with the entire family and your friends. Newer carport, roof (2020) and workshop with electricity and A/C add comfort and convenience so all you must do is relax in your new home. New paint throughout. Home located in Flood Zone X. No Flood insurance required. Several resorts in the area offer world-class restaurants, boat docks, and entertainment. Bass Pro Shop is planning a Resort community in the near proximity. Centrally located less than an hour to historic St Augustine, 1-1/2 hours to Orlando and 1 hour to Gainesville you can have the best of all worlds. Come see for yourself. You will not be disappointed.
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Our Executive Mortgage Banker:
Our Insurance Division:
$359,000
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 | $287,200 | $287,200 | $287,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.295% | 6.538% |
Monthly Tax Payment | $144 | $144 | $144 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,911 | $1,935 | $2,463 |
Total Monthly Payment | $2,130 | $2,154 | $2,682 |
* 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.