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Lakefront opportunity in highly desirable Lake Asbury! This waterfront home offers incredible potential with beautiful water views, solid construction, and major updates already completed. Improvements include a new roof (2018), new HVAC system (2018), updated bathrooms, and new wood decking completed in 2018. The home is priced to reflect cosmetic updates and needed repairs, creating an excellent opportunity to build equity in a lakefront property. Seller is offering the home AS-IS at the current list price; however, the seller may coordinate lender-required repairs for FHA/VA financing with acceptable terms. Enjoy peaceful lakefront living, outdoor entertaining space, and the chance to customize this home to your taste. A rare opportunity to own waterfront property in Lake Asbury at an attractive price point. ADDITIONAL PROPERTY FEATURES & HIGHLIGHTS " Waterfront home in desirable Lake Asbury " Beautiful lake views and peaceful setting " Great opportunity to build equity " Solid bones and well-maintained major systems " Roof replaced in 2018 " HVAC system replaced in 2018 " Bathroom updates completed in 2018 " New wood decking completed in 2018 " New septic system " Excellent outdoor entertaining potential " Spacious waterfront lifestyle opportunity " Opportunity to customize and modernize to personal taste " Ideal for primary residence, second home, or investment opportunity FINANCING & REPAIR INFORMATION " Home is being offered AS-IS at current list price " Seller may consider completing lender-required repairs for FHA/VA financing with acceptable contract terms " Repair costs may be incorporated into purchase price, subject to agreement between buyer and seller " Excellent option for buyers seeking waterfront property with value-add potential " 4th bedroom does not conform and could make a great office. LOCATION HIGHLIGHTS " Located in sought-after Lake Asbury area " Convenient access to shopping, dining, and schools " Enjoy boating, fishing, kayaking, and waterfront living right from your backyard " Easy commute to Jacksonville, Orange Park, and surrounding Northeast Florida areas WHY THIS HOME STANDS OUT Finding waterfront property at this price point in Lake Asbury is becoming increasingly rare. With major system updates already completed, this home presents a unique opportunity for buyers looking to personalize a lakefront property while avoiding the premium pricing of fully renovated waterfront homes. The combination of location, water views, and structural improvements already completed make this a property with tremendous upside potential.
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William Raveis Real Estate
Phone: 888.699.8876
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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 | $460,000 | $460,000 | $460,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.133% | 6.739% | 5.952% |
| Monthly Tax Payment | $537 | $537 | $537 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,648 | $2,945 | $3,820 |
| Total Monthly Payment | $3,277 | $3,574 | $4,449 |
* 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.