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Investor Alert! Located in Fairview Estates on 1. 10 acres, this spacious 3 bedroom, 3 bathroom home with just over 2, 300 square feet offers incredible potential for the right buyer. Please note the property includes a mandatory Citrus Hills Social Membership with dues currently at $614 per quarter, separate from the Fairview Estates HOA fee of $82. 50 annually. Featuring a split floor plan, the layout provides flexibility and separation of space, including a third bedroom with its own ensuite that could easily function as a second primary suite, mother in law setup, or convenient pool bath access. Four separate sets of sliding glass doors lead out to the screened in ground pool, creating a bright indoor outdoor feel with abundant natural light throughout. The expansive covered lanai features a low maintenance vinyl ceiling along with a summer kitchen setup, making it great for entertaining. Soaring ceilings, a formal dining room, and separate living area add to the home's spacious feel. Major updates include contemporary French front doors with a 3 point locking system, newer refrigerator and stove, 2014 roof, and 2018 HVAC. The home backs up to a retention area with no rear neighbors directly behind the property. This is a true handyman or investor special and the home does need TLC, but the size, layout, acreage, and location create an incredible opportunity to transform the property into something special. The home is priced accordingly for its current condition. Fairview Estates, part of the Villages of Citrus Hills, is known for its acre lots, oak lined streets, and tucked away garden atmosphere. Conveniently located about 6 miles from the Shoppes at Black Diamond for restaurants, grocery stores, and shopping, and just 1. 5 miles from the 47 mile Withlacoochee State Trail bike and walking trail.
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Our Executive Mortgage Banker:
Our Insurance Division:
$340,000
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 | $272,000 | $272,000 | $272,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.887% | 6.078% |
| Monthly Tax Payment | $196 | $196 | $196 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,675 | $1,742 | $2,277 |
| Total Monthly Payment | $1,946 | $2,013 | $2,548 |
* 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.