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STOP: READ IN FULL - This 1964 block home offers classic Florida charm and is best suited for investors, contractors, or renovation buyers because Duke Energy has issued a Notice of Eminent Domain affecting the property. The utility company is providing legal representation for the homeowner. The property may create potential as a rental while the eminent domain process moves forward then a buyout at market price. Located in the established Hasselton Heights neighborhood of Eustis, the home sits on a 0. 37-acre lot with mature oak trees, privacy, and no HOA. The 3-bedroom, 2-bath home includes a kitchen with dinette area, indoor laundry room, and enclosed lanai. Located minutes from historic downtown Eustis with waterfront parks, local dining, shops, and community events. Mount Dora is approximately 20 minutes away and Clermont approximately 30 minutes. Improvement items include replacement of windows, hot water heater, septic system and drain field, and cloth-sheathed electrical wiring. Plumbing appears to include a mix of copper, CPVC, galvanized, and polybutylene piping. Roof age unknown. Electrical junction boxes were recently replaced, and over $5, 000 in panel upgrades were completed. A new AC system has been installed. Immediate occupancy available.
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Our Executive Mortgage Banker:
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$230,000
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 | $184,000 | $184,000 | $184,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.125% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.258% | 6.292% | 5.628% |
| Monthly Tax Payment | $276 | $276 | $276 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,059 | $1,118 | $1,491 |
| Total Monthly Payment | $1,410 | $1,469 | $1,842 |
* 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.