Under contract-accepting backup offers. Mount Dora Mediterranean Revival architecture home and guest cottage with Lake Dora views! This relaxing retreat is located on picturesque Lakeshore Drive and a short mile from historic downtown Mount Dora’s shops and restaurants. Enjoy lake views and sunsets from the brick patio and covered front porch with archways and decorative wrought iron features. Timeless glass front doors invite you into the light filled rooms and wood floors flowing throughout the home. The spacious living room with wood lined ceilings has double French doors leading to the tiled back patio and yard which emphasize bringing the outdoors into the home. The dining room features an arched ceiling and wood wainscoting. Updated kitchen has beautiful wood cabinets, pantry, desk area, granite countertops, tile backsplash stainless steel refrigerator, dishwasher, built in oven, electric cooktop and comfortable eat in area has doors leading to the private backyard and patio. The two downstairs bedrooms have wood lined ceilings and classic built ins along with ample closet space. The upstairs bedroom (no closet) has a cozy ½ bath with shelves for storage, linens etc. The adorable, detached cottage is a versatile space with endless possibilities and lends itself for in law quarters, guests, family, art studio or rental income! It has a full bathroom with walk in shower and kitchen equipped with stove, refrigerator and microwave. Over ½ acre lot offers plenty of room for parking, adding a swimming pool, large garage or expansion. Enjoy the savings on taxes and city sewer by being located in the county. The terra cotta colored metal roof and exterior was just cleaned. 2 septic systems- east & west side system drainfields replaced 2016. Mount Dora is a golf cart friendly community (some restrictions apply).
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Our Executive Mortgage Banker:
Our Insurance Division:
$624,900
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 | $499,920 | $499,920 | $499,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $533 | $533 | $533 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,038 | $3,038 | $3,951 |
Total Monthly Payment | $3,662 | $3,662 | $4,575 |
* 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.