Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Welcome to this expansive residence featuring an in-law suite, encompassing 4 bedrooms, an additional office, 3 bathrooms, and a 3-car garage. Nestled within the intimate community of Lake Douglas Preserved, this home exudes charm from the moment you step onto the front yard. The residence boasts 9’4” high ceilings adorned with crown molding in key areas, including the kitchen, dining room, great room, office, and master bedroom. The interior showcases tiled flooring throughout, excluding the bedrooms. Noteworthy features include a formal dining room and a generously-sized screened-in covered patio/lanai. The gourmet kitchen is equipped with double ovens, microwave, 42” cabinets, crowned with molding, a spacious island, granite countertops, pendant light prewires, and a convenient nook. The master bedroom offers a tray ceiling, while the master bath indulges with a frameless shower, double sinks featuring granite countertops, a garden bath, and an expansive walk-in closet. Strategically positioned along Hwy 50 and adjacent to the upcoming South Lake Regional Park, spanning 141 acres, this home offers proximity to a myriad of recreational amenities. The park will include eight softball fields, four youth and two adult baseball fields, multi-purpose fields, cricket fields, restroom and concession buildings, playgrounds, pavilions, and various sports courts. Notably, it boasts a boardwalk, nature trails, a canoe launch, fishing pier off Lake Douglas, and a dog park, with a completion value of 20 million dollars. Lake Douglas Preserved is centrally located, only 7 minutes from downtown Groveland and Lake David, where residents can partake in farmers markets, fishing, water park activities, car shows, live music, food trucks, diverse dining options, and shopping. Additionally, it is a brief 6-minute drive from the historic downtown Clermont, known for its various activities, restaurants, bars, water park, lake beach, piers for fishing, cabanas, boat ramp, and barbecue facilities. Conveniently situated less than a minute from Hwy 50, 7 minutes from US 27, and only 16 minutes from the Florida Turnpike, this residence ensures accessibility to major transportation routes. Moreover, it is a mere 10-minute drive from South Lake Hospital, offering proximity to restaurants, grocery shopping, retail stores, a movie theater, doctor offices, and other essential amenities. Don't miss the opportunity to experience this remarkable home – call now to schedule a showing before this beauty is off the market!
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William Raveis Mortgage, LLC
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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 | $387,920 | $387,920 | $387,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.282% | 6.538% |
Monthly Tax Payment | $450 | $450 | $450 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,646 | $2,613 | $3,326 |
Total Monthly Payment | $3,171 | $3,138 | $3,851 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.