One or more photo(s) has been virtually staged. Mount Dora Condo for Sale! Experience the charm and convenience of downtown living in this updated 2-bedroom, 2-bathroom condo located in desirable Southern Oaks Condos, a 55+ community nestled in Mount Dora's Historic District. This move in ready condo has laminate wood floors throughout the living and bedroom areas. The updated kitchen has plenty of cabinet space, pantry and Corian countertops. The spacious living room and dining room areas lead to an extended sitting area overlooking the pool and landscaped grounds. The owner’s suite has a private updated bathroom with granite countertops, vanity, tile floors, cabinets and large walk-in shower. The guest bedroom is generously sized, and guest bathroom has been updated with granite countertops, vanity & walk in shower. There is plenty of room to house your things in three storage closets. Southern Oaks offers resort style amenities with heated pool, gazebo, shuffleboard courts, community workshop, personal lockable storage unit, two laundry facilities, elevators, a beautifully remodeled rec room with a kitchen and library for entertaining or special events, a covered designated parking space and plenty of guest parking. The complimentary laundry facility and elevator is just steps away. Prime location just a few blocks to the heart of downtown Mount Dora’s boutique, cafes, acclaimed fine dining, antique shops, waterfront and parks. Easy commute via the nearby 429 Expressway to Winter Park, Orlando, airport and attractions. In 2024 Southern Oaks has updated and refurbished the elevators, installed new roofs in both buildings, painted the carports and updated the landscape and irrigation. HOA fees include basic Cable TV, Sewer, Trash, Water. Pets are allowed with restrictions. Walk three short blocks to downtown or call the Mount Dora transit or Freebee shuttle service!
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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 | $212,000 | $212,000 | $212,000 |
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 | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $317 | $317 | $317 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,410 | $1,393 | $1,788 |
Total Monthly Payment | $1,802 | $1,785 | $2,180 |
* 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.