Under contract-accepting backup offers. JUST REDUCED to make this DREAM home attainable to you, so don't miss this UNIQUE opportunity to make this your new home before someone else does! This STUNNING 5 bedroom, 4 bathroom home sits on 2. 3 splendid acres with frontage on Lake Misty. Situated in one of the best locations in Central Florida, Arrowtree Reserve is a tranquil community with multi-acre lots for owner privacy and just 3 miles from the Florida Turnpike southbound (about 40 minutes to Orlando) with a low HOA and NO CDD! Horses, stables, and separate dwelling units are welcome in this community! You will start being impressed as you drive down the expansive driveway from the cul-de-sac and see the fountain in the middle of the circular path. The side entry garage allows for the front of the home to have a majestic elevation. As you enter the home through the double doors, you'll see the tray ceilings in the formal living room and formal dining room. The primary bedroom is to the left and includes an additional seating area, which can be used as an office, TV room, or reading nook, with spectacular views of the backyard. The primary bathroom offers a garden tub, double sinks, beautiful counters, private water closet, and oversized shower. On the other side of the the formal living spaces, you'll pass through an archway that leads to the gourmet kitchen that includes marble countertops, convection oven, and reverse osmosis system. There is an additional breakfast nook with beautiful views and a large family room. The first floor has three additional bedrooms and two additional full bathrooms, one of them leading to the backyard, which is perfect for adding a pool. All rooms have huge walk-in closets. The indoor laundry room off of the kitchen leads to the 3-car garage, which has NEW epoxy floors, a NEW Mini-Split air conditioning system, NEW professionally-installed insulation, and NEW water heater. The second floor comes with a huge loft, kitchenette, large fifth bedroom, a full bathroom, and two large walk-in closets, perfect as a separate apartment or in-law suite. The oversized patio and adjoining deck overlook the gorgeous lakefront backyard with breathtaking views. NEW roof 2021, NEW recessed LED lighting throughout the entire home, and NEW interior paint. Enjoy the serenity of the lake on your own canoe. There is plenty of room to park your RV and other vehicles right on your property. Don't let this gem slip away!
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Our Executive Mortgage Banker:
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$924,900
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $739,920 | $739,920 | $739,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.876% | 6.850% |
Monthly Tax Payment | $788 | $788 | $788 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,799 | $4,799 | $6,496 |
Total Monthly Payment | $5,679 | $5,679 | $7,376 |
* 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.