Price Improvement! Welcome to Colonial Arms! Adorable one bedroom one bathroom condo lives roomy! Move in ready second floor unit. Colonial Arms sought after 19 unit complex has a prime location in Mount Dora's Historic District within walking distance to everything!! The Tremain Street Greenway and Serenity Park borders this property with an easy walk or bike to downtown shops, restaurants and waterfront! Covered front porch and storm door welcome you into the condo with new vinyl wood plank flooring throughout the spacious living room and bedroom areas. Kitchen has plenty of cabinets, range, refrigerator and microwave. There is a 6x6 storage room off the kitchen which is a great space for small office, pantry or storage! The bathroom has tub with shower and custom painted vanity and mirror. There is also a hall/linen closet. The master bedroom has a spacious walk-in closet with lots of space for hanging and storage PLUS a new door with blinds in the glass and screen door leading to the back covered patio area. You have a one car assigned and covered parking space and on site laundry facility! Condo fees include water, sewer and trash. Enjoy all Mount Dora has to offer and a carefree lifestyle!
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Our Executive Mortgage Banker:
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$175,000
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 | $140,000 | $140,000 | $140,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | $205 | $205 | $205 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $920 | $930 | $1,181 |
Total Monthly Payment | $1,200 | $1,210 | $1,461 |
* 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.