Welcome to 510 High Point Drive located in the heart of Downtown Mount Dora. High Point on Lake Dora is a peaceful sanctuary tucked into a canopy of tree-lined streets and embraced by the natural surroundings Lake Dora provides. Positioned adjacent to the downtown boardwalk on Lake Dora, the Mount Dora Marina and Boat Launch, Lake Dora Lighthouse, Elizabeth Evans Park, and Mount Dora’s thriving dining & shopping district, this residence seamlessly harmonizes tranquility with convenience. This residence occupies one of the largest lots in the community and is adjacent to the open-space with the community pool and clubhouse. Step inside to discover warm, welcoming and spacious rooms throughout the one-level, split bedroom floorplan. There is a large primary suite and a second en-suite bedroom. One can easily accommodate a 3rd bedroom with a few simple changes. The Foyer opens up to three distinct areas of the home including the 18’x14’ Dining Room, with its separate doorway into the 28’x 17’ kitchen featuring a huge island, loads of cabinets, a gas range, another built-in self-cleaning oven, Whirlpool Refrigerator, and a light-filled private patio at the end of the kitchen. This kitchen has an abundance of room and storage. Both the Kitchen and the Foyer open to the huge 37’x27 Living Room or Great Room with 9 ft ceilings, fans, gas fireplace, and sliding doors leading into the 25’x12’ Florida Room, which opens to the 25’x12’ screened patio. The Primary Bedroom Suite features 2 separate walk-in closets and an oversized ensuite. Although the home does not have the updated appliances and bathroom features of today’s modern homes, they are well-designed and functional. The property is priced to reflect these issues.
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Our Executive Mortgage Banker:
Our Insurance Division:
$630,000
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 | $504,000 | $504,000 | $504,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.439% | 6.273% | 5.268% |
Monthly Tax Payment | $451 | $451 | $451 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,144 | $3,062 | $2,095,800 |
Total Monthly Payment | $3,687 | $3,605 | $2,096,343 |
* 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.