Under contract-accepting backup offers. Investor/Contractor Special: This property experienced fire damage in March 2024. It is being sold "As-Is" in its current condition, and buyers are strongly encouraged to conduct thorough inspections and assessments. This sale presents an excellent opportunity for those looking to restore or redevelop the lot.
Pre-Fire Condition: Prior to the fire, this block home was renovated in 2023 and featured five bedrooms, two full bathrooms, and tile flooring throughout. The open kitchen was updated including appliances, while the living room benefitted from natural light from windows. The master bathroom had a standing shower, and the laundry room offered extra storage. The roof was replaced in 2019. However, the entire property will need evaluation for any damage caused by the fire.
The backyard is large, partially fenced, and remains in decent condition. With no HOA, buyers can enjoy flexibility for future renovations.
Conveniently located near schools, parks, and shopping, and a short distance from downtown Orlando, this property offers significant potential for redevelopment or restoration. Cash offers only. Buyers are responsible for conducting their own due diligence regarding the property's condition, governing regulations, and suitability for their intended use. Property is sold AS-IS, WHERE-IS.
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William Raveis Real Estate
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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** | 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 | $180 | $180 | $180 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $931 | $930 | $1,200 |
Total Monthly Payment | $1,186 | $1,185 | $1,455 |
* 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.