WOW! AMAZING OPPORTUNITY to create your Dreamhouse on 124 Acre PRAIRIE LAKE! This gorgeous, pristine lake is home to Million Dollar Homes and is so big it allows for seaplanes! The house has over 116ft of waterfront on the lake and has a small dock with a manual boat lift and beachfront area. Situated at the widest part of the lake, the view is SPECTACULAR!! The buildable part of the lot is over 1/3 acre but the property extends into the lake to over an acre. The brick house has great bones for a complete renovation and is currently set up as a 3/3, but let your imagination run wild with the possibilities. Water, sewer, electric and even the AC work fine! There is a huge storage shed on the side of the house that can be used during your construction and then moved/removed once you are done. Centrally located in Altamonte Springs, you are 2 blocks from the Sunrail station, a mile from 17/92 and minutes from the Altamonte Mall and I-4, including a ramp to the new Express Lane to Downtown Orlando! Nice dead-end street and NO HOA make this perfect for your new home. Seller will consider a Lease-Option, Lease Purchase or short-term Owner Financing. Don't miss out! SELLER IS UNWILLING TO CONSIDER OFFERS DRASTICALLY UNDER LIST PRICE
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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 | $421,600 | $421,600 | $421,600 |
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 | $341 | $341 | $341 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,805 | $2,802 | $3,615 |
Total Monthly Payment | $3,238 | $3,235 | $4,048 |
* 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.