Wonderful Little Banana Lake Views and a Flexible Layout. Spanning four levels, including an unfinished 1, 316 sq. ft. basement, this 3-bedroom, 2. 5-bath home offers plenty of space to bring your vision to life. Imagine transforming the basement into additional bedrooms, a media room, or even a home gym—this blank canvas is ready for your creativity. You will have Classic Features with Room to Grow - The main living areas include a formal living room with sliding doors that open to a spacious deck, a cozy family room with a wood-burning fireplace, and a formal dining room—all perfect for entertaining. The kitchen features a charming breakfast nook, while the formal entrance welcomes you and your guests. Primary Suite with Balcony Views - The primary bedroom offers an en-suite bath, two large closets, and sliding doors leading to a screened balcony overlooking the lake. Wake up to serene waterfront views every day! The two additional bedrooms also open to the deck via sliding doors. Outdoor Living just for you - step outside to enjoy a covered rear porch, a 9' x 12' wooden dock and a screened boathouse—all set against the backdrop of Banana Lake. With 188 feet of waterfront, 225 feet of canal and seawall, this property is perfect for lakefront living enthusiasts. Convenience and Location - Located in South Lakeland, this home is close to everything the area has to offer. Whether you’re looking to restore its mid-century charm or update it with a modern twist, this home is a rare opportunity to create something special.
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Our Executive Mortgage Banker:
Our Insurance Division:
$625,000
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 | $500,000 | $500,000 | $500,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $160 | $160 | $160 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,285 | $3,323 | $4,217 |
Total Monthly Payment | $3,537 | $3,575 | $4,469 |
* 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.