Nestled within the popular 55+ community of Saddlebag Lake Resort, this completely furnished and turnkey two bedroom, two bath home is a perfect Florida retreat! This home offers comfort and convenience with a low quarterly HOA fee which includes water, sewer, trash, and access to all the amenities this resort has to offer. This community is gated with a security patrol. Inside this well-maintained home you will find brand new luxury vinyl plank flooring flowing throughout the main living areas which complement the bright, freshly painted spaces. The ample kitchen features an island which is open to the living and dining areas. You can also rest easy knowing this home has a brand-new air-conditioning unit. Enjoy a picnic lunch right in your backyard at the shaded picnic table. There is also a storage shed for all your tools. You will never be bored living at this gated resort, as there is an abundance of amenities, which includes a clubhouse with planned activities, swimming pool, spa, sauna, pickle ball and tennis courts, horseshoe pit, rec room with pool tables, fitness equipment and even a fishing dock. Bring your golf-cart, as this is a golf cart friendly community. There is a beach with beach house with a commercial kitchen that you can reserve for parties free of charge. You can make this your home year-round or live here part of the year and rent it out the rest of the year, as there are no rental restrictions for the minimum or maximum number of days it can be rented. Located in the very center of Florida's Peninsula, Lake Wales is home to the national historic landmark of beautiful Bok Tower Gardens, which features one of Florida's best botanical gardens, as well as the historic singing tower. Visit one of the last untouched pieces of Florida's wilderness and/or attend a Saturday night rodeo at Westgate River Ranch Resort & Rodeo, which is the largest dude ranch east of the Mississippi River. Buy locally sourced goods on select weekends at the Farmers Market located in River Ranch. Spend the day at Lake Kissimmee State Park hiking, canoeing, fishing. Are your grandchildren coming for a visit? Take them to Legoland, which is just a short 15-minute drive northwest of Lake Wales. Whether you are home, or out and about, there will never be a lack of activities to do! Come and enjoy Florida living at its finest!
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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 | $128,000 | $128,000 | $128,000 |
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 | $126 | $126 | $126 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $852 | $851 | $1,098 |
Total Monthly Payment | $1,053 | $1,052 | $1,299 |
* 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.