BACK ON MARKET. . . LOCATION, LOCATION, LOCATION…Do Not Wait To Preview this incredible LAKE DORA, LAKEFRONT HOME! Incredible opportunity to own over 1 acre of direct access property on Lake Dora which is part of the Harris Chain of 7 Lakes! This special lakefront home is just outside of Mt Dora city limits, which means no municipalities telling you what you can and can’t do on your property also NO HOA to deal with. You want to build an amazing, infinity edge pool with a Bungalow you can do it!! You want to add a multi-car garage with an apartment above, do it…the possibilities are really endless…you can make this your personal lake front compound. THIS PROPERTY IS A MUST SEE, there is nothing else like it available in the area! Ready for Owner or vacation rental, a GREAT HOME or FANTASTIC INVESTMENT OPPORTUNITY. Home has been completely gutted and put back together in 2018 keeping the unique features and attributes of this 1940’s home, its truly is 1 of a Kind! Home features 3 bedrooms, 2. 5 baths a gourmet kitchen, game room with wet bar including a bar refrigerator and ice maker, this home is set up to entertain or chill and relax at the lake. The Great room is special with large wood burning fireplace and expansive windows across the entire back of the home overlooking your MILLION DOLLAR VIEW. Once you head outside you really can soak up nature an unwind from city life. There is a cabana bar and grilling area, plenty of patio space and a freeform paver-stone pathway to the lake and your private, covered dock with electric boat lift…just bring your toys and you are ready to play. Plenty of guest parking, RV and Boat parking. This property is @ 5 minutes to historic downtown Mt Dora which hosts numerous local events and festivals. This property is an incredible opportunity that is just going to keep rising in value…they aren’t making any more in county, direct access, 1+acre lots near Mt Dora on the Harris Chain. THIS IS THE ONE YOU’VE BEEN WATING FOR! Do Not Wait. . . HOME WON'T LAST LONG AT THIS OFFERING!! *** Property is NOT For Rent – FOR SALE ONLY ~ Please Do Not get Scammed!
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William Raveis Mortgage, LLC
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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 | $800,040 | $800,040 | $800,040 |
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 | $687 | $687 | $687 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,189 | $5,189 | $7,024 |
Total Monthly Payment | $6,001 | $6,001 | $7,836 |
* 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.