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If you're looking for a fixer upper - this is it! Prime location in Rainbow Lakes Estates. This home is an ideal rental property, first home or downsize option! Attached carport with utility room just off of the carport. Large bonus room between the carport and main living areas of the home. Screened back porch overlooks the private and large fenced backyard. Roof replaced in 2007. HVAC system updated within last five years. New drainfield also installed within the last five years. The HVAC and drainfield were completed without permits. This property is available for cash purchase only. Easy access to the Rainbow Lakes Estates Sea Cliff Community Park with an impressive amount of amenities including basketball, tennis, racquetball, & pickleball courts. The youth center is open for our younger generation to have fun with air hockey, a pool table, & computer games. A fully furnished fitness center is also available. There is also a lake to enjoy swimming, canoeing, & fishing. A beautiful gazebo sits nearby for shade while taking in the view of Lake Bonable. Sea Cliff Community Park is an amenity for Rainbow Lakes Estates residents and property owners.
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:
$149,900
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 | $119,920 | $119,920 | $119,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.209% | 6.168% | 5.541% |
| Monthly Tax Payment | $176 | $176 | $176 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $681 | $718 | $964 |
| Total Monthly Payment | $932 | $969 | $1,215 |
* 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.