Do you dream of the privacy of COUNTRY LIVING, but want the CONVENIENCE of nearby shopping and dining? Welcome to East Lake County, where the rural feel also means that it’s easy to slow down, unwind, and relax. This peaceful neighborhood offers deeded access to Lake Norris, a park, playground, screened pavilion for entertaining, walking trails and much much more. There are 26 miles of roads throughout Royal Trails for you to bike and hike. The community is surrounded by the Ocala National Forest and Seminole State Forest, but you’re not far from grocery stores and the bustling social hubs of Eustis and Mount Dora. You’ll have easy access to Orlando with the new Wekiva parkway and the 429 connecter. This mid-state Florida wonderland is within 50 minutes of Orlando/Daytona International airports, 40 minutes of east coast beaches, Disney and other popular theme parks! The HOA for the community is $60. 00 a year, there is no time limit to build, minimum square footage is 1, 200 sq. ft. , zoning allows 2 horses per acre AND RV, MOTOR HOMES are allowed after your home is built. Choose your own builder, or we can refer you a custom home builder! Enjoy the peaceful countryside in your secluded paradise. It really is THE BEST OF BOTH WORLDS! Call now to see this beautiful property and and begin creating your DREAM HOME!
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Our Executive Mortgage Banker:
Our Insurance Division:
$43,000
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 | $34,400 | $34,400 | $34,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.000% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.182% | 6.518% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $235 | $229 | $295 |
Total Monthly Payment | $310 | $304 | $370 |
* 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.