HUGE PRICE IMPROVEMENT! INVESTORS DON’T MISS YOUR CHANCE!! 2 HOMES ON 2 TAX LOTS BEING SOLD TOGETHER! A great opportunity to earn some sweat equity! Nestled among luxury residences, The home at 105 S High St with frontage to Lake Mary Blvd, consists of 994 sq ft, 2 bed and 2 baths on a 13K sq ft lot. The Brick Ranch at 107 S High st consists of 4 beds, 2 baths, 2438 Sq Ft with a garage and sits on a 17K sq ft lot. the Ranch home, with most demo work on interior already done, is a blank canvas with a great floor plan and ready for you to make it your own! Convert the smaller home to a rental or guest house, or fix and flip both for a profit! The Possibilities are ENDLESS! NO HOA and Located in the heart of Lake Mary near Downtown and only minutes to I-4! Don't miss your chance to own 2 homes and . 70 acres of land in the growing and popular area of Lake Mary FL!
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Our Executive Mortgage Banker:
Our Insurance Division:
$525,000
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 | $420,000 | $420,000 | $420,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $296 | $296 | $296 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,794 | $2,791 | $3,601 |
Total Monthly Payment | $3,182 | $3,179 | $3,989 |
* 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.