5880 OLD BERKLEY ROAD, Auburndale, FL, 33823 | $3,100,000

PRIME LOCATION 21 acre estate with massive workshop. Situated on the top of a hill, this home offers expansive lake views of Lake Tennessee and is conveniently located less than three miles from Interstate 4. Built by Arthur Rutenberg, exceptional workmanship is evident throughout. Perfect for entertaining, the gourmet kitchen is open to the dining and family room area, and overlooks the lake and pool. The primary bedroom is private and spacious with the en suite bathroom having dual vanities, a soaking tub, and walk in shower. Stepping outside from the game room is a screened-in pool area complete with a hot tub, paver decking, and grill zone. Adjacent to the home is a 5000 square foot workshop containing an auto lift, office, and two bathrooms. Great location for visiting Disney and the Orlando attractions, beaches, or for taking in a game at Tampa Bay. Nearby is Florida Polytechnic University and a brand new Publix shopping center with restaurants and various other stores. Ideal for an equestrian farm, car collector, builder or developer. Property is zoned LR-2 which allows a residential density of 2-5 units per acre, an outstanding opportunity for future development.

Features

  • Bedrooms: 4
  • Baths: 3 full
  • Year Built: 2004
  • Garage: 3-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 3,341
  • Acreage: 21.1
  • Est. Taxes: $7,690
  • Lot Desc: Gentle Sloping, City Lot
  • View: Water
  • Pool: Auto Cleaner, Gunite, In Ground, Screen Enclosure
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Trash Compactor, Washer
  • MLS#: U8171469
  • Days on Market: 363 days
  • Website: https://www.raveis.com
    /eprop/U8171469/5880oldberkleyroad_auburndale_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 10/4/2023 2:52:11 PM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 727-581-9411

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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5880 OLD BERKLEY ROAD, Auburndale, FL, 33823

$3,100,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $2,480,000 $2,480,000 $2,480,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.500% 8.000% 7.500%
Interest Rate based on Index + Margin 7.875%
Annual Percentage Rate 8.035% 8.149% 7.731%
Monthly Tax Payment $641 $641 $641
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $17,341 $18,197 $22,990
Total Monthly Payment $18,107 $18,963 $23,756

* 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.