When Opportunity Knocks, You Answer The Door!! Lake Rio Townhomes, one of Deep Creek's waterfront communities, has a rare opportunity for you! This is the ONLY building in the community built completely NEW in 2006 after the original building was damaged during Hurricane Charley, and the ONLY building that is CONCRETE BLOCK CONSTRUCTION. This is also one of the only buildings NOT IN THE FLOOD ZONE!! New roof 10/21, AC 2/23, HWT 9/17, Impact Windows, newer faucets, sinks, countertops, tiled backsplash, and soft close doors on kitchen cabinets are just a few of the updates on this meticulously maintained, neat as a pin unit. Another added perk is the En-Suite Bathroom in BOTH bedrooms, and a 1/2 bath on the first floor. In the morning, enjoy your coffee out on the extended, enclosed, screened lanai just steps from the heated community pool, which was resurfaced in November 2022. During the day, take in the "hands down" best view (in building 9) of Lake Rio from the freshly painted balcony with composite decking. And the BONUS will be the SPECTACULAR Florida sunsets you'll witness each evening, as the back of this unit faces West. This community offers some of the lowest HOA dues in the area, and is very popular with Snowbirds and Year-round residents alike. One assigned parking spot in front of the unit, with offset parking for guests and family.
Newer Build, Concrete Block Construction, NOT in the Flood Zone, Plenty of Upgrades, Low HOA, Near the Pool, Beautiful Lake Views. . . and the BONUS of Gorgeous Sunsets!!! What else is there??!! Book your showing to see for yourself!!
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Phone: 888.699.8876
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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 | $176,000 | $176,000 | $176,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.159% | 6.392% |
Monthly Tax Payment | $274 | $274 | $274 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,156 | $1,170 | $1,497 |
Total Monthly Payment | $1,505 | $1,519 | $1,846 |
* 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.