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Welcome to Mount Dora Serenity! BRING THE BOAT! This home has plenty of room with 3 full bedrooms and 1. 5 baths situated on an oversized lot. The charming and successful AirBnB income producing property has no restrictions located just five blocks from downtown. This turnkey opportunity in downtown Mount Dora offers regular passive income but not in the historical district. Also this property is ideal for the new law allowing ADU (accessory dwelling unit) given the size of the lot. There is No HOA! MOVE-IN READY. HVAC 2024, METAL ROOF 2026, attic fan and insulation 2026, water heater 2026, Upgraded plumbing 2020, luxury vinyl plank throughout this stunning freshly painted BLOCK home. Kitchen upgraded 2024 with a gas stove! Plantation shutters throughout. Solar lighting in the front and back. The 12x30 screen-in lanai is an absolute paradise and is perfect for entertainment boasting a beverage cooler and a beer tap system! The fully fenced in private and spacious backyard has a fire pit with a cooking grill top and an outdoor shower. Enjoy get togethers with short walks to the quaint city of Mount Dora. This adorable home has a full garage and sits on a huge lot of gorgeous landscaping. The beautiful city of Mount Dora has monthly festivals including the Taste of Mount Dora, the Blueberry festival, the Ice cream festival and the Art festival. The home is steps from shopping, entertainment, festivals and the Chain of lakes. Only 40 minutes to Orlando and one hour to Daytona Beach. This house is a MUST SEE! If qualified with preferred lender, a $1500 credit will be offered.
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Our Executive Mortgage Banker:
Our Insurance Division:
$430,000
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 | $344,000 | $344,000 | $344,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.375% | 6.638% | 5.972% |
| Monthly Tax Payment | $132 | $132 | $132 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,118 | $2,174 | $2,857 |
| Total Monthly Payment | $2,325 | $2,381 | $3,064 |
* 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.