OPPORTUNITY KNOCKS ONCE!!! INVESTORS ALERT!!CONVENTIONAL BORROWERS AND CASH BUYERS ONLY!! NEEDS TLC! GREAT POOL HOME IN GREAT COMMUNITY IN HEART OF PORT ORANGE!!
**Incredible Opportunity in the Gated Sanctuary on Spruce Creek, Port Orange! **
This spacious 2, 607 sq. ft. two-story home with 3 beds, 2. 5 baths and a deep 2 car garage, is an exceptional opportunity for a variety of buyers. Priced well below market value, this home offers the perfect canvas for those looking to customize and update it to their taste. While the home needs some cosmetic updates—including new flooring, appliances, and bathroom and kitchen renovations—the major mechanical systems are already taken care of. The roof was replaced in 2016, and the home features two new HVAC systems: one for upstairs, replaced in July 2023, and the main, larger system downstairs, replaced in May 2024. One of the standout features of this home is the custom pool, complete with a striking stone wall that gives a resort-like feel. The first-floor owner's suite offers a large bathroom and a walk-in closet, providing a comfortable retreat. Also on the main floor, you'll find a half bathroom, a living room, a family room with a cozy fireplace, and a two-car garage. Upstairs, there are two additional bedrooms, a full bathroom, and a loft space that adds versatility to the layout.
Located in the serene, tree-lined, and gated community of Sanctuary on Spruce Creek, this home offers both privacy and convenience. It's within minutes of a middle school, elementary school, and zoned for the highly sought-after Spruce Creek High School.
Whether you're an investor or a homeowner looking for a large family home that you can tailor to your vision, this is the one for you. With the home priced approximately way below real market value, you'll have plenty of room to make it your own. Don't miss out on this FANTASTIC OPPORTUNITY TO OWN A HOME IN THE SOUGHT AFTER AND GATED COMMUNITY OF SANCTUARY ON SPRUCE CREEK!!
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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 | $359,920 | $359,920 | $359,920 |
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 | $667 | $667 | $667 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,395 | $2,392 | $3,086 |
Total Monthly Payment | $3,137 | $3,134 | $3,828 |
* 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.