15022 Dr Martin Luther King Jr BOULEVARD, Dover, FL, 33527 | $550,000

$5000 Seller Credit For Rate Buy Down or Closing Costs! Welcome to your dream home nestled on a picturesque 2. 17-acre lot. This charming 3-bedroom, 2-bathroom home sits towards the very back of the acreage. The
residence invites you to experience the perfect blend of modern living and natural serenity. Upon entering, you'll be greeted by a spacious and
sunlit living area, adorned with large windows and a gorgeous wood burning fireplace. The heart of the home, the well-appointed kitchen, boasts
modern appliances, ample counter space, and a convenient layout for both cooking and entertaining. The master bedroom is a retreat of its own,
featuring an ensuite bathroom and generous closet space. Two additional bedrooms provide flexibility for a growing family, a home office, or a
guest room. The well-maintained second bathroom ensures convenience for all. Step outside and discover a true oasis – a large screened back
porch overlooking a sparkling pool.
Unveil the potential of this expansive property offering a unique opportunity for income generation and creative renovation. Nestled on a sizeable parcel, this property features a spacious trailer awaiting transformation into a lucrative investment, a cozy mother-in-law suite, or a versatile office space. The generous lot size provides ample room for additional income-generating ventures, such as rental, splitting the lot and/ or seeing if the front portion can be re-zoned for commercial use. Unlock the possibilities of this blank canvas, where entrepreneurial aspirations and creative endeavors can flourish, making this large property a canvas for both financial success and personalized living or working spaces.

Features

  • Rooms: 4
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Other
  • Year Built: 1990
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,336
  • Acreage: 2.17
  • Est. Taxes: $6,873
  • Pool: Heated, In Ground
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • MLS#: T3509507
  • Days on Market: 12 days
  • Website: https://www.raveis.com
    /prop/T3509507/15022drmartinlutherkingjrboulevard_dover_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 5/12/2024 8:17:12 PM)
Listing courtesy of MARK SPAIN REAL ESTATE   Phone: 855-299-7653

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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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15022 Dr Martin Luther King Jr BOULEVARD, Dover, FL, 33527

$550,000

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 $440,000 $440,000 $440,000
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 $573 $573 $573
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,002 $2,964 $3,773
Total Monthly Payment $3,667 $3,629 $4,438

* 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.