Under contract-accepting backup offers. Unique Property Listing: Dual Living Spaces on . 37 Acres. Discover the charm and versatility of this unique property featuring a cozy 2/2 remodeled cottage and a newly constructed 3/2/2 home, all set on a spacious 0. 37-acre lot with RV shed and no HOA restrictions. The 800 sq. ft. cottage at the front of the property has been completely remodeled and includes an updated kitchen, barn doors, recessed lighting, and washer/dryer. This charming space has been used as an Airbnb but is also ideal for a mother-in-law suite, extended family quarters, or rental. It includes a designated parking pad for convenience. The 3/2/2 home at the back of the property, built in 2022, boasts modern amenities such as beautiful wood tile flooring, trey ceilings, barn doors, and a functional floor plan. This home offers ample space and functionality. The entire property is fenced and includes off-street parking with an automatic gate, ensuring security and privacy. This unique setup provides various living arrangements or income-generating opportunities in a prime yet peaceful location. Don’t miss the chance to own this versatile and beautifully maintained property. Only 5 miles from downtown Mount Dora, 35 minutes to downtown Orlando, and 45 minutes to Orlando International Airport, Disney World, Daytona Beach, and many wonderful parks and towns to shop in near by.
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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** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $378 | $378 | $378 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,327 | $3,323 | $4,217 |
Total Monthly Payment | $3,797 | $3,793 | $4,687 |
* 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.