Presented byEdward "Ted" Holmes - The Holmes Team |
Seize a rare opportunity to own lakefront property on the highly sought-after Lake Conway Chain of Lakes in the city of Belle Isle. Located in a no HOA community, this gem boasts 2, 072 sqft of living space, featuring a 3-bed, 2-bath home with a Bonus room/Den. The heart of the home comprises a living room, dining room, and kitchen overlooking a spacious family room with stunning lake views. Built in 1953, this charming Florida home expanded in 1964 with the addition of 2 bedrooms and an oversized 2-car garage, meticulously maintained to preserve its natural beauty. Step onto the screened-in lanai for true lakefront living, where your boat house awaits memorable weekends of lake activities. A circular drive with additional parking spaces ensures easy entertainment. The additional structure opens doors to endless possibilities—a workshop, man cave, or additional storage. With abundant space at your disposal, envision the creation of a private oasis by adding a pool —a sanctuary for relaxation and rejuvenation. Further complemented by its highly coveted location this residence also offers seamless access to downtown Orlando, International Airport and Sunrail station ensuring easy commuting without the complications of major highways. Centrally located near the presitgous A-Rated K-12 CornerStone Charter Academy, Shopping at Florida Mall or Mall at Millenia, Dining and Warren Park. Schedule a showing today and let your creativity soar as you envision the remarkable potential of this exceptional property.
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Our Executive Mortgage Banker:
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$899,000
Licensed Associate Real Estate Broker
William Raveis Real Estate
Phone: 914.548.6179
Ted.Holmes@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 302.293.7433
Brian.Shahwan@raveis.com
NMLS Mortgage Loan Originator ID 2166562
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 6.851% | 6.915% |
Monthly Tax Payment | $906 | $906 | $906 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,845 | $4,665 | $6,364 |
Total Monthly Payment | $5,843 | $5,663 | $7,362 |
* 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.