WATERFRONT, DOCKABLE lot in the gated community of Hidden River Lakes with full access to the Harris Chain of Lakes. You will be amazed at the beautiful sunrise and sunset views. Drive to Mount Dora in about 15 minutes or so. It is a leisurely boat cruise to dining or shopping along the lakes. Take your boat to Mount Dora festival events for family fun and entertainment. There are nearby choices for golfers. This lot is large enough for the equestrian client. The beautiful pond is stocked and maintained. Privacy and serene beauty is what captures your heart when you walk this property. If you have an RV, this lot will perfectly hold a large garage for all your hobbies and vehicles. International airports can be reached in under an hour. Universal and Disney attractions all within 50 minutes or less. Bring the builder of your choice or the community has several great recommendations. Lot has City of Tavares Public Water & Sewer. There is a community boat ramp should you desire to wait to build your own dock. Minimum house requirement is 2500 sq. ft. or build as large as your lot will hold. Waterfront sites are dwindling! Come get yours at an amazing value! The lot has been well maintained and cleared for those ready to build immediately or wait until you are ready with no time restriction to build.
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Our Executive Mortgage Banker:
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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 | $271,600 | $271,600 | $271,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,853 | $1,805 | $2,290 |
Total Monthly Payment | $1,928 | $1,880 | $2,365 |
* 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.