Under contract-accepting backup offers. Discover the perfect canvas for your dream home on this stunning vacant land situated off Round Lake Road in the charming town of Mount Dora. This desirable location offers the ideal blend of country tranquility and convenient access to local amenities, making it an excellent choice for a serene yet connected lifestyle. Nestled in the picturesque landscape of Mount Dora, this property is close to all the conveniences of the town while offering a peaceful, country estate setting. Enjoy breathtaking views of the gently rolling terrain, characteristic of this beautiful area. The property is adorned with majestic oak trees, creating a serene and picturesque environment. With ample space for ranchettes, farming, or building your custom home, this land provides endless possibilities. Embrace the opportunity to design a unique and personalized living space that takes full advantage of the natural beauty surrounding you. Despite its tranquil setting, this property is conveniently located near Mount Dora and and surrounding areas, ensuring you are never far from shops, restaurants, schools, and other essential services. While the property includes a drainage easement that requires consideration, it also offers the chance to create beautiful vista views from your front porch, making your future home even more special. Seize the opportunity to build your own country estate in one of Mount Dora’s most sought-after locations. Experience the perfect combination of rural charm and modern convenience on this exceptional piece of land. Don’t miss out on the chance to make your dream home a reality in this idyllic setting.
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Our Executive Mortgage Banker:
Our Insurance Division:
$200,000
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 | $160,000 | $160,000 | $160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.512% | 6.273% | 5.248% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $998 | $972 | $1,264 |
Total Monthly Payment | $1,073 | $1,047 | $1,339 |
* 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.