1367 Shady Lane DRIVE, Lake Wales, FL, 33898 | $299,000

Looking for the ultimate ¾ acre fishing retreat on the South side of Lake Kissimmee with a secondary house possible? The lot stretches over 400’ under a mature canopy of live oaks to over 90’ of canal frontage with a private boat basin and boat house in sight of Lake Kissimmee that covers 34, 948 surface acres. The Kissimmee Chain contains endless miles of shoreline of Lakes covering 45, 710 surface acres in Polk, Osceola, and Orange Counties from the town of Kissimmee in the North, South over 35 miles to the Kissimmee River bridge on Hwy 60 that flows further South through locks to Lake Okeechobee. Secondary dwellings are being built over the private boat basins along the canal with incredible views of Lake Kissimmee.

Features

  • Rooms: 5
  • Bedrooms: 2
  • Baths: 1 full
  • Laundry: Laundry Room, Outside
  • Year Built: 1966
  • Heating: Wall Units / Window Unit
  • Cooling: Wall/Window Unit(s)
  • Approx Sq. Feet: 970
  • Acreage: 0.76
  • Est. Taxes: $1,868
  • Lot Desc: Unincorporated
  • View: Water
  • Appliances: Dryer, Range, Refrigerator, Washer
  • MLS#: K4902357
  • Days on Market: 137 days
  • Website: https://www.raveis.com
    /prop/K4902357/1367shadylanedrive_lakewales_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 5/23/2024 7:32:08 PM)
Listing courtesy of LEGACY REAL ESTATE CENTER INC   Phone: 863-676-0200

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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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1367 Shady Lane DRIVE, Lake Wales, FL, 33898

$299,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $239,200 $239,200 $239,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.500% 7.125% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 8.051% 7.295% 6.623%
Monthly Tax Payment $156 $156 $156
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,673 $1,612 $2,067
Total Monthly Payment $1,904 $1,843 $2,298

* 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.