Lake Placid, located in Highlands County, is a great location for those who enjoy outdoor activities, boating, and fishing. The neighborhood is experiencing growth, with the addition of single-family homes. The double lot is situated on a paved road with access to electricity.
One of the highlights of the area is its abundance of lakes, offering opportunities for boating, swimming, and various outdoor activities. If you're a fan of racing, the Sebring International Raceway is only a 20-minute drive north of Lake Placid.
In terms of amenities, there are dining options ranging from local restaurants to larger chain establishments. Shopping options are also available, including both local stores and big-box retailers.
The larger size of the lot provides ample space for a pool and a spacious screened-in lanai, allowing you to enjoy the outdoors comfortably. It sounds like a great opportunity to build your dream home in a growing neighborhood with access to various recreational activities and conveniences.
Let's make the move together!
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Our Executive Mortgage Banker:
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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 | $16,000 | $16,000 | $16,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.625% | 7.375% | 6.490% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.157% | 7.548% | 6.780% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $113 | $111 | $139 |
Total Monthly Payment | $188 | $186 | $214 |
* 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.