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115 Cherrywood DRIVE, Lake Wales, FL, 33898 | $139,900
Potential, potential, potential. Current owner has begun to remodel this home. The living room, hallway and primary bedroom and bathroom have all been modernized. There is no flooring throughout the home and where needed, new sub-flooring. The back of the home is now one huge primary owner's suite with a large bedroom, bathroom and huge walk-in closet turning this 2 bedroom into a grand 1 bedroom home. The kitchen does have older appliances and cabinetry but is still working. This home also features a large Florida room. The owner added plumbing to this room and was going to make it another ensuite bedroom/bathroom however, the work was not completed. So. . . if you want a second bedroom with an ensuite bathroom, a little drywall, vanity and sink and a mini-split and you have your second bedroom. This home is located in Twin Fountains, a 55+ community where you own the land. That's right, there is no lot rent. HOA fee includes water, sewer, lawn maintenance, cable and internet as well as use of the pool, clubhouse and shuffleboard. This is a great little community and with just a little bith of work, this home can look brand new. Schedule your showing today!
Features
- Amenities: Cable TV, Clubhouse, Maintenance, Pool, Recreation Facilities, Shuffleboard Court
- Rooms: 9
- Bedrooms: 1
- Baths: 2 full
- Laundry: Laundry Closet
- Style: Traditional
- Year Built: 1974
- Garage: Driveway, Ground Level
- Heating: Central
- Cooling: Central Air, Wall/Window Unit(s)
- Approx Sq. Feet: 1,152
- Acreage: 0.1
- Est. Taxes: $1,086
- HOA Fee: $180 Monthly
- View: Pool
- Adult Communities: Yes
- Pet Policy: Size Limit, Yes
- Appliances: Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
- MLS#: P4931734
- Days on Market: 93 days
- Website: https://www.raveis.com
/prop/P4931734/115cherrywooddrive_lakewales_fl?source=qrflyer
Listing courtesy of RE/MAX HERITAGE PROFESSIONALS Phone: 863-256-2188
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
115 Cherrywood DRIVE, Lake Wales, FL, 33898
$139,900
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $111,920 | $111,920 | $111,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
| Monthly Tax Payment | $91 | $91 | $91 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $745 | $735 | $944 |
| Total Monthly Payment | $910 | $900 | $1,109 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388