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Calling all boaters and fishing enthusiasts! This is the opportunity you've been waiting for in the sought-after, gated community of Indian Lake Estates. We are thrilled to present this 2-bed, 2-bath home where the lifestyle is all about the water! The absolute number one feature is your very own private dock and boat lift, offering direct canal access to the renowned Lake Weohyakapka. Affectionately known as "Lake Walk-In-Water, " this is Polk County's largest lake—a pristine, 7, 500-acre spring-fed body of water nationally recognized as one of Florida's premier trophy bass fishing destinations. Imagine spending your mornings fishing for largemouth bass from your own backyard dock and your evenings enjoying those beautiful lake views right from your front yard. The 2-bedroom, 2-bath home provides a wonderful foundation, ready for you to infuse with your personal style and create the perfect lake retreat. But this opportunity isn't just about your private water access. You are also joining the quiet, and beautiful community of Indian Lake Estates, where you can enjoy an 18-hole championship golf course, a 23, 000-square-foot clubhouse with a restaurant and fitness center, tennis and pickleball courts, and the community's own boat ramp and marina. Don't forget, you also have access to Florida's largest freshwater pier for even more fishing and recreation. This is all about securing an amazing location and the water-centric lifestyle at an unbeatable value. This property is priced perfectly to give you the freedom to bring your unique vision to life. Plus, its desirable rural location may make this home eligible for special $0 down financing through a USDA loan! Other fantastic options like FHA and VA loans are also available, making this opportunity even more attainable. If you've been searching for affordable, direct water access in a premier Polk County community, you truly won't find a better opportunity!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$450,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $360,000 | $360,000 | $360,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.521% | 6.304% | 5.648% |
| Monthly Tax Payment | $137 | $137 | $137 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,101 | $2,187 | $2,918 |
| Total Monthly Payment | $2,313 | $2,399 | $3,130 |
* 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.