Under Construction. (Historic Lake Wales, FL Downtown District). 2 Buildings: Different floorplans | 2 units per building | Total of 4 units WEST PARK AVE: The first duplex with the main entrance on West Park Avenue showcases an open layout which merges the living, dining, and kitchen areas, resulting in a comfortable and versatile living space for its residents. Each unit boasts a spacious 1, 050 sq. ft. of living space. Parking is available on the driveway. Interior of the home features durable and easy-to-maintain, all tile flooring. As you enter, you will be captivated by the clean lines and contemporary design. The walls are freshly painted in neutral, airy hues which reflect the natural light and convey peace and tranquility. To enhance lighting and comfort, a ceiling fan is installed in the family room and all bedrooms. Kitchen is equipped with stainless steel appliances: refrigerator, stove, hood range, dishwasher, and ample storage cabinets for preparing and cooking meals. Laundry closet is located nearby for convenience and efficiency with all connections for washer and dryer. The roomy and cozy primary suite is ideally located in the front of the property facing tree-lined historic Park Avenue. The en-suite bathroom with sleek design elements such as modern tiled shower/tub combo, vanity sink, toilet, and a closet to tuck away essentials is designed for a luxurious retreat after a long day. Nestled at the back of each unit are two additional bedrooms, where natural sunlight casts a warm glow creating a serene atmosphere. A second bathroom is positioned close to the bedrooms to streamline daily routines. MLK BLVD: Adjacent to the duplex on Park Avenue West, is the second duplex facing MLK Blvd. Each unit boasts a spacious 1, 090 sq. ft. of living space. Parking is available on the driveway. As you step inside, you will enter into the heart of the home - the kitchen. This culinary space will captivate you with its contemporary, modern kitchen, which is fitted with stainless steel appliances: full-sized refrigerator, stove, hood range, dishwasher, ample cabinet storage, and a kitchen window offering a view outside above the sink area. The primary bedroom is located at the rear of the property and includes a luxurious en-suite bathroom creating a spa-like ambiance for unwinding, relaxation, and rejuvenation. Outfitted with sleek design elements, including a modern tiled-bathroom, shower/tub combo, stylish vanity sink, a toilet, and a closet for storing linens and toiletries are found in the en-suite bathroom. Two additional bedrooms offer a quiet retreat, and a modern hallway bathroom serves the needs of both rooms efficiently and harmoniously. Laundry closet is located nearby for convenience and efficiency with all connections for washer and dryer.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $779,920 | $779,920 | $779,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 7.002% | 6.956% |
Monthly Tax Payment | $32 | $32 | $32 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,254 | $5,124 | $6,902 |
Total Monthly Payment | $5,378 | $5,248 | $7,026 |
* 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.