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WELCOME to this 3 bedroom, 2 bathroom home in the tucked-away Park Acres neighborhood of Fruitland Park. Stop looking for someone else’s "finished" and start creating your own. This diamond in the rough is ideal for first-time buyers, flippers, or landlords. Step into an open floor plan with plenty of afternoon sun, where practicality meets convenience with an INSIDE LAUNDRY/UTILITY/MUD ROOM that leads to your private backyard with COMPLETE PERIMETER FENCING! What’s YOUR VISION? Open space for pets to play? A gazebo? Gardening? A fire pit? 705 Mike Avenue has been waiting for someone to love it. BIG-TICKET ITEMS ALREADY DONE: NEW AC in 2022 - stay cool through the Florida summers. NEW FLOORING in 2023 - modern, durable, and stylish throughout. RENOVATED BATHROOMS in 2023 - updated and ready for your finishing touches. KITCHEN UPDATES in 2023 - stainless steel LG appliances. THE “FUN” STUFF IS UP TO YOU - A BLANK CANVAS FOR YOUR LIFE! Add instant equity with your DIY project skills. PRIME LOCATION & VALUE: Priced to move quickly, this home offers the peace of a secluded community while remaining minutes from nearby parks, schools, shopping, the library, public transportation, and local favorite Mystic Ice Cream. Enjoy easy access to the best of Fruitland Park, Leesburg, and Lady Lake, with Brownwood’s Paddock Square only 8 miles west. 705 Mike Ave is ready for its next chapter—are you?
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:
$225,000
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 | $180,000 | $180,000 | $180,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.628% | 5.933% |
| Monthly Tax Payment | $268 | $268 | $268 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,094 | $1,137 | $1,495 |
| Total Monthly Payment | $1,437 | $1,480 | $1,838 |
* 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.