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Auction Property. This property will be sold at ONLINE AUCTION. LIST PRICE REPRESENTS OPENING BID. INVESTORS: NO HOA / NO LOT FEES. Clean 2/1 in Lake Alfred ready for your next project or rental. Features a durable metal roof, luxury vinyl floors, and a private carport. Owner financing is on the table! Excellent location near Lake Mariana boat ramps perfect for attracting long-term tenants or vacationing anglers. No lease restrictions provide maximum flexibility for your investment strategy. Property has rented for $1200 monthly in the past. Act fast on this low-carry-cost opportunity in a prime central Florida location. All sizes are approximate to be verified by buyer.
Bidding will open at 12 Noon on Tuesday, April 21, 2026, and close at 2: 00 PM on Thursday, April 23, 2026.
Additional Auction Terms:
10% buyer's premium will be added to the winning bid.
Buyer's Agent must be registered as an agent on Homesale. plus prior to the time buyer places 1st bid.
Property is sold AS-IS, no inspection contingency.
No financing contingency.
Buyer pays all transfer & recordation taxes.
10% Earnest Money Deposit due at contract execution.
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Our Executive Mortgage Banker:
Our Insurance Division:
$50,000
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 | $40,000 | $40,000 | $40,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.333% | 6.419% | 5.668% |
| Monthly Tax Payment | $115 | $115 | $115 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $237 | $246 | $324 |
| Total Monthly Payment | $427 | $436 | $514 |
* 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.