Under contract-accepting backup offers. RARE OPPORTUNITY TO OWN ALMOST A FULL ACRE OF LAKEFRONT PROPERTY ON LAKE APOPKA. COMPLETE PRIVATE IN-LAW SUITE WITH SEPARATE ENTRANCE PERFECT FOR MULITGENERATIONAL or Airbnb/rental income to cover part of mortgage (NO HOA). Priced with instant equity. Introducing your next chapter at this charming lakeside retreat on Florida's 4th largest lake, Lake Apopka! Real Estate rarely comes up for sale on this lake. This is an area prime for development and the 5 acre parcel south is currently for sale. You will see new construction booming nearby, giving you an opportunity to get in while the price is still right. Perfectly poised for serene living, this 3 bedroom, 3 bathroom home offers a cozy yet sophisticated space ideal for both relaxation and entertainment. Enjoy the gentle caress of the lakeside breeze as you savor your morning coffee on your private dock, or perhaps a sunset boat ride to melt away the days stress. But wait, there's more! This property features a separate apartment - an excellent opportunity for rental income or a private oasis for visiting guests. Imagine hosting friends with their very own space to retreat to after a festive evening of laughter by the lake. Envision family gatherings in spacious interiors where every square foot is infused with warmth. The primary bedroom serves as a peaceful escape, promising restful nights with views that whisper lullabies of the outdoors. Nestled in a friendly community, your future home is just a stones throw away from essential amenities. Whether its a quick grocery run to Publix Supermarket at Fountains West or a playful afternoon at nearby Magnolia park, practically at your doorsteps. Access to the 429 will get you where you need to be with ease. Plus educational pursuits are well within reach with Ocoee High School just a short drive away. Don't just buy the house, invest in a lifestyle that keeps you connected to nature and convenience. This home is more than a dwelling; its the backdrop to your life's most memorable moments. New garage roof installed 8/24. Updated panel and electric, well pump 2023, whole house generator for peace of mind.
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Our Executive Mortgage Banker:
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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 | $439,920 | $439,920 | $439,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 5.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.398% | 6.285% | 5.510% |
Monthly Tax Payment | $142 | $142 | $142 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,673 | $2,673 | $3,536 |
Total Monthly Payment | $2,907 | $2,907 | $3,770 |
* 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.