Under contract-accepting backup offers. Experience country living just 15 minutes away from the City of Mount Dora and Tavares, with their array of shops and restaurants. The property is 4. 5 acres in Mount Dora (Lake County), FL, featuring a 3/2 Manufactured Home in good condition. Alternatively, build your dream home while comfortably residing on the premises. Ample space in the kitchen with lots of cabinets and a eat-in area in the kitchen. The laundry room also has plenty of storage. The primary bedroom has an ensuite with a sunken tub and separate shower.
The back pasture is fully fenced, like the rest of the property, though it currently lacks a front gate from the street—an easy addition. The back neighbor is tending to his cows on the back pasture, maintaining that area of the land, and is interested in continuing to rent the pasture. With retaining the cows, you could qualify for an agricultural exemption with the neighbor's assistance or bring your own and get an AG Exemption. Plenty of room for horses and top put up a few stalls.
Included with the property is a whole house Generac generator (16W) and a 12 x 24 shed/garage, perfect for storing equipment or as a single car garage. The property come with a well with a covered pump house, a septic system, and a water filtration system & water softener. The remaining furniture in the home is available for sale.
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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 | $340,000 | $340,000 | $340,000 |
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 | $129 | $129 | $129 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,066 | $2,066 | $2,733 |
Total Monthly Payment | $2,270 | $2,270 | $2,937 |
* 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.