Under contract-accepting backup offers. Charming 3 bedroom, 1 bathroom home conveniently located just outside of downtown Lake Wales. This home boasts adorable curb appeal with its historic character, white picket fence and yard adorned with a wide variety of tropical fruit trees. As you enter the home, you will find a nicely updated kitchen with a dining area that opens into the Florida room at the front of the house. The Florida room could provide additional dining or entertaining space, or it could easily be used as an office or reading nook. The sizable living room provides plenty of space for the entire family to relax and hang out. Between the large screened in pool and the additional open patio just off the pool deck, this home is the perfect place to host weekend cookouts and enjoy the outdoors! The property also includes a detached apartment that is approximately 500 sq ft and is equipped with a full kitchen and full bathroom. It would be the perfect place for extended family to live, for a larger home office, or it could easily be rented out for additional income. The nice sized yard is fully fenced, except for across the driveway. This property could be a wonderful family home, especially for multiple generations, or it could be a great income producing investment property. It was previously used as a rental, with the main house renting for $1075/mo as a 2 bedroom (the third bedroom was used as personal storage for the owners), and the apartment was rented for $900/mo. This home is conveniently located close to HWY 27 and HWY 60, restaurants, grocery, schools, hospital and downtown Lake Wales. Call today to schedule your private showing!
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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 | $207,200 | $207,200 | $207,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.171% | 6.518% |
Monthly Tax Payment | $179 | $179 | $179 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,413 | $1,377 | $1,777 |
Total Monthly Payment | $1,667 | $1,631 | $2,031 |
* 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.