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Multi family two acre Lake front property on private spring fed Lake Ola, minutes from Historic downtown Mt Dora! Currently rented as a vacation rental, this property is available completely furnished and turn key. There are four homes on this property, one of which is a duplex, for a Toal of 5 private residences. On 120 feet of Lake front, the covered private dock was completed in summer 2020. All homes have been recently renovated with new roofs in January 2022, repipe in 2019, and each residence includes its own washer and dryer. Lakey Daze cottage is the largest home on the property with a two car garage, large oversized driveway, 30 amp hookup and plenty of room for boat or RV parking. Home has three bedrooms and two bathrooms downstairs and two additional rooms and full bathroom in the upstairs loft. Firefly Cottage is a two bedroom, two bath home with a one car garage that is under air and currently used as a bonus room. Sunset and Sunrise cottage are a duplex each with two bedrooms and one bathroom. Lastly, Rockin Fish Camp cottage is a cozy one bedroom, one bath, with the best views to the lake. Please see video walkthrough that includes a quick tour of each home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,900,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $1,520,000 | $1,520,000 | $1,520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.289% | 6.373% | 6.203% |
| Monthly Tax Payment | $1,547 | $1,547 | $1,547 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,991 | $9,359 | $12,827 |
| Total Monthly Payment | $10,663 | $11,031 | $14,499 |
* 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.