|
Under contract-accepting backup offers. This 2-bedroom, 1-bath condominium, built in the 1960s, is in its original condition and ready for a new owner to make it their own. Located within the Mai Kai Condominium community, a well-established gated community in desirable Conway/Belle Isle (Orlando 32812), this property offers a fantastic opportunity for personalization in a prime location just minutes from Downtown Orlando, shopping, dining, SR-408, Orlando Executive Airport, and Orlando International Airport (MCO).
Mai Kai residents enjoy resort-style amenities including a large community pool with waterfall feature, clubhouse with event space, koi pond, lush landscaping, dog walk areas with lake views, on-site laundry, bicycle parking, and ample guest parking.
The community has benefited from recent HOA-funded improvements, including a new roof, impact windows, updated siding, second-story decks, refreshed exterior paint, resurfaced parking areas, and updated pool area bathrooms, enhancing curb appeal and long-term value.
The low monthly HOA fee includes water, trash, cable, high-speed internet, pest control, exterior maintenance, and gated access, offering truly low-maintenance living. This unit includes one assigned parking space conveniently located directly in front of the condo. A great opportunity for homeowners or investors seeking location, value, and potential.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$159,900
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
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $127,920 | $127,920 | $127,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.357% | 6.304% | 5.648% |
| Monthly Tax Payment | $184 | $184 | $184 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $757 | $777 | $1,037 |
| Total Monthly Payment | $1,016 | $1,036 | $1,296 |
* 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.