Live on the beautiful Intracoastal River without paying the South Florida prices! Formally known as Magnolia Manor, and located in Daytona Beach on the Halifax River (Intracoastal River) with a 200 ft dock, this is the oldest home in the area. This home qualifies for the National Historic Designation, should a buyer wish to pursue the designation. This magnificent three-story home is situated proudly on over a half-acre corner lot. The home features original heart of pine floors, four bedrooms each with private bathrooms, and two of the bedrooms have large balcony overlooking the Halifax, while the third bedroom balcony overlooks the pool and spa. The fourth bedroom has dormer windows with river views. All 4 bedrooms are oversized. The first floor has a formal living room, an updated kitchen, billiard/family room, separate dining room with wet bar, a Florida room overlooking the pool, and an office/den. A special feature is the large three-car garage with a three-bedroom living area/guest quarters above. The large saltwater pool and spa add a relaxing element to the spacious and beautifully tended grounds with plenty of paver parking for guests. This home is an absolute treasure and is located on a tree-lined street adjacent to sidewalks, streetlights, parks, a boat launch, a kayak launch, a fitness park, the Pictona Pickleball facility, and several local businesses, restaurants and attractions. You are also just a short, five-minute drive to the beach, or ten minutes to either downtown Ormond or downtown Daytona Beach. Serene living in the heart of it all! It doesn't get any better. All information taken from the tax record, and while deemed reliable, cannot be guaranteed.
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$1,299,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,039,200 | $1,039,200 | $1,039,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.851% | 6.704% |
Monthly Tax Payment | $581 | $581 | $581 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,654 | $6,740 | $9,053 |
Total Monthly Payment | $7,360 | $7,446 | $9,759 |
* 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.