Auction Property. Investor or owner-occupant opportunity awaits! This bank-owned, fixer-upper ranch-style home offers four bedrooms and two bathrooms, providing a spacious layout perfect for families or rental potential. The property is situated on approximately one acre and features air conditioning and a garage, ensuring comfort and convenience. The expansive yard offers ample space for outdoor activities and landscaping possibilities. Whether you’re an investor looking to flip or rent out or an owner-occupant eager to customize your dream home, this property holds immense potential in a desirable location. Lakeland is a lively city known for its beautiful lakes, parks, and rich cultural scene. Outdoor enthusiasts can enjoy recreational activities at Hollis Garden, Lake Mirror Park, and the Circle B Bar Reserve, which are perfect for hiking, bird-watching, and enjoying the natural beauty of Central Florida. The city offers a variety of dining options and entertainment; residents can explore the Polk Museum of Art, catch a show at the historic Polk Theatre, or enjoy events and
festivals at the RP Funding Center. Lakeland's blend of outdoor activities, diverse dining, and cultural attractions offers a dynamic and fulfilling lifestyle.
**REO Occupied – NO VIEWINGS or ACCESS of this property. Drive by only - there are no interior photos** Please DO NOT DISTURB the occupant(s). ** All potential Buyers are requested to check with the City, County, Zoning, Tax, Schools, and other records to determine all details on this property listed above to their satisfaction. The Buyer is responsible for performing their due diligence before bidding, as the
high bidder will receive an "AS-IS" CASH-ONLY contract with no contingencies, inspections, or warranties. **
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William Raveis Real Estate
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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 | $291,120 | $291,120 | $291,120 |
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 | $312 | $312 | $312 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,816 | $1,769 | $1,210,574 |
Total Monthly Payment | $2,203 | $2,156 | $1,210,961 |
* 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.