Location, Location. . . this desirable CONSERVATION LOT will feature, a gorgeous, CLOSE LAKE VIEW through your dream built custom home. One of the VERY BEST "almost lake front" lots, this one originally sold for 131K and is now being offered at a FANTASTIC price for that someone who wants a GREAT LAKE VIEW but with less initial cost and less yearly tax burdens that come with a lake front lot. This lot also has a PREMIUM LOCATION on a small peaceful loop (no cross roads / fewer houses) and one of the furthest off the main road for maximum QUIET.
Water Ridge features private Boat Launches (RV and Boat Storage) for their 3 lakes (Boating, Fishing and Water Skiing), as well as an elegant Clubhouse that includes a large Fitness Center and Finnish Sauna. Enjoy 3 Resort Style Pools, Outdoor Grills, Community Events, Tennis Court and Pickleball. Very reasonable HOA and NO CDD! Water Ridge is a secure GATED community with PERIMETER FENCING that is conveniently located in Auburndale FL between Orlando and Tampa with easy access to Disney, Universal, Performing Arts, Beaches, Shopping and Dining. This AWESOME LOT awaits!!!
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Our Executive Mortgage Banker:
Our Insurance Division:
$95,000
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 | $76,000 | $76,000 | $76,000 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $506 | $512 | $652 |
Total Monthly Payment | $581 | $587 | $727 |
* 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.