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Presented by
Chris Manning |
Set on a generous . 34-acre lot, this single-story block home offers a rare opportunity along Limit Avenue, a direct route into downtown Mount Dora. The home sits well back from the road, providing privacy and separation from traffic with no HOA or subdivision restrictions.
The expansive lot and solid block construction create an ideal canvas for reimagining or redesigning the space to suit a variety of needs. The property features multiple entry points, offering flexibility for future layout options or creative use of space. Mature surroundings and neighboring vacant land contribute to a sense of openness that’s increasingly hard to find so close to town.
The location is a standout feature, just minutes from Mount Dora’s shops, dining, festivals, and waterfront activities. Ongoing development in the surrounding area adds to the long-term potential of this location.
Whether your vision is to build equity through renovation, create a custom residence, or capitalize on the value of the land itself, this property presents a unique opportunity in a growing Mount Dora corridor.
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:
$199,900
Luxury Properties Specialist
William Raveis Real Estate
Phone: 508.360.8628
Chris.Manning@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
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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 | $159,920 | $159,920 | $159,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.360% | 6.304% | 5.648% |
| Monthly Tax Payment | $242 | $242 | $242 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $908 | $972 | $1,296 |
| Total Monthly Payment | $1,225 | $1,289 | $1,613 |
* 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.