Are you ready to roll up your sleeves and create the waterfront home you've always wanted with finishes YOU like!!?? Here is a rare opportunity at this price to own a waterfront home on a canal to the Harris Chain of Lakes. The potential here is incredible! Imagine sitting in your backyard watching the egrets, ospreys, and eagles go about their business. You'll be far enough from the main roads so you don't hear highway noise outside your home and stargazing is not interrupted by city lights. Inside your future home, there is potential for opening things up to get a nice open floorplan where you have a large space to create the perfect living space to enjoy making new memories with family and friends. Bring your dreams and your imagination to create your ideal space, perfect for somebody wanting to create their dream home and just needing a foundation from which to start. Currently, there are 4 bedrooms and 2 bathrooms, a kitchen that has space for casual dining along side a formal dining space overlooking the pool. There is a bedroom next to the dining room which has access to the living room space next to it (currently there is a soundproof wall covering the French doors between these rooms). The remaining bedrooms are along the side of the home and includes a spacious primary suite with large bathroom space. There's no doubt it's a fixer upper, but at this price and in this neighborhood, for a waterfront home, it can be a great investment. On a half acre of land with NO HOA, there are currently no neighbors across the street or behind this home. Enjoy the beauty of old Florida with giant oaks providing shade on this stretch of the neighborhood. There is a 2 car garage and a 2 car carport as well as a partially fenced yard. There is plenty of room to park all your toys and to create a stunning outdoor living space in the backyard. Convenient to shopping, including downtown areas in Tavares and Mount Dora, as well as medical, dining, and places to explore by water. This is a popular neighborhood for commuters and those wanting easy access to toll roads and highways to take you all around Central Florida. Come and see for yourself the possibilities here in Venetian Village!
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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 | $348,000 | $348,000 | $348,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | $392 | $392 | $392 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,374 | $2,313 | $2,984 |
Total Monthly Payment | $2,841 | $2,780 | $3,451 |
* 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.