NO HOA! Picture a cozy 2 bedroom, 2 1/2 bath home nestled on the tranquil shores of a sprawling 3700-acre fishing lake in the charming town of Lake Wales, Florida. As you approach the property, you're immediately struck by the serene beauty of the surrounding landscape. The home was custom built as a replica of the old Florida cracker homes. The exterior is cedar siding and has a board and batten. Step inside, and you're greeted by a warm and inviting living space adorned with tasteful decor and flooded with natural light. Admire the cut glass with bird etchings, which are the birds that can be found in that area. The kitchen is well appointed with ample countertop and cabinet space, and a breakfast bar for casual dining. Adjacent to the kitchen is a cozy dining area, perfect for enjoying meals with loved ones while taking in the scenic views of the lake. The living room boasts custom made built-ins. The master bedroom is a peaceful retreat, complete with ample closet space, and an ensuite bathroom for added convenience. The second bedroom offers versatility, serving as a guest room, home office, or additional living space as needed. One of the highlights of this home is the large open back patio, a tranquil oasis where you can unwind and soak in the beauty of the outdoors in privacy. Whether you're enjoying your morning coffee or hosting a gathering with friends, this versatile space provides the perfect backdrop for relaxation and entertainment. With its prime lakefront location, cozy interior, and inviting outdoor space, this home offers the ideal blend of comfort, convenience, and natural beauty. This home is perfect for those wanting a quiet location to retire or for a small family. Welcome to lakeside living at its finest in Lake Wales, Florida.
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Our Executive Mortgage Banker:
Our Insurance Division:
$480,000
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 | $384,000 | $384,000 | $384,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.490% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.681% | 6.678% | 6.034% |
Monthly Tax Payment | $176 | $176 | $176 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,620 | $2,425 | $3,189 |
Total Monthly Payment | $2,871 | $2,676 | $3,440 |
* 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.