Under contract-accepting backup offers. Investors and Visionaries!! MOTIVATED SELLER. Welcome to 808 Herman Avenue where you can experience vintage Florida. This unique home was built in 1927 and is filled with historic charm and vintage details that can only be found in a home built during this era. From the original fireplace and wood burning stove, brick walls, original wood floor, in floor vents, and in-ground cellar (yes it has an actual cellar) you will see all of the charm that this home has to offer with the right vision. This home is a perfect candidate for a total restoration or rebuild. The huge double lot is where this home truly shines. Unique to other homes in the area is the large double lot that this property sits on. Enjoy plenty of space for entertaining, building a pool, or expanding onto the current home. A very large shed in the back of the property would make a great space as an external office, work shed, or additional living space since it has been completed with insulation, electricity, and air conditioning. Close to major attractions, Orlando International Airport, shopping, dining, and just a short drive to Downtown Orlando and Baldwin Park you have everything that you need within close proximity. The home is priced to sell and has a ton of upside with the right vision to bring it back to its vintage charm and elegance. Don't miss out on this opportunity to own a piece of history.
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Our Executive Mortgage Banker:
Our Insurance Division:
$280,000
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 | $224,000 | $224,000 | $224,000 |
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 | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $63 | $63 | $63 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,490 | $1,489 | $1,889 |
Total Monthly Payment | $1,628 | $1,627 | $2,027 |
* 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.