Situated in the peaceful community of Rivers Edge is a modest 2 Bedroom 2 Bath double-wide Manufactured Home waiting for its next owner. While there may only be 840 SqFt under heat an air, there is an additional approx. 250 SqFt added on, as well as a screened porch and workshop. This combined with the smaller lot size makes for easy maintenance and little upkeep. Although this 1983 home may not be new and shiny, it offers recent renovations while maintaining an affordable price. Recent renovations include a new metal roof, duct-work, heat pump, paint, flooring and subfloors. Rivers Edge Estates provides Sewer and Trash within the $70/mo HOA fee, and public water starts at $15/mo making this home that much more affordable. The Town of Lake Panasoffkee offers an A+ Elementary School, Amazing Local Restaurants, and a true spring fed lake that is one of Florida's best hot spots for large mouth bass, bluegill, sunfish, and catfish. Enjoy rural living while being minutes from I-75, allowing easy commute to Orlando, Gainesville, Tampa, and the Villages.
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Our Executive Mortgage Banker:
Our Insurance Division:
$114,900
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 | $91,920 | $91,920 | $91,920 |
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 | $47 | $47 | $47 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $612 | $604 | $775 |
Total Monthly Payment | $734 | $726 | $897 |
* 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.