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1603 Ellington Drive in Dundee, Florida, a three-bedroom, two-bathroom home built in 2017 and situated on a 6, 316-square-foot lot in the established Ridge of Dundee community. This 1, 563-square-foot residence represents the type of well-built single-family home that appeals to owner-occupants and investors seeking substantial square footage with strong equity positioning and minimal systems risk. The property has been owner-occupied since construction and reflects the care of homeowners who have maintained systems proactively and invested in meaningful upgrades. The defining mechanical upgrade is the brand-new Carrier central air system with integrated heat pump technology, installed within the past year—a feature that immediately differentiates this home from competing inventory featuring older or failing AC systems. Unlike traditional split systems or heating strips located in attics, the heat pump automatically manages temperature transitions as weather changes, providing both efficiency and convenience. The system is modern, efficient, and capable of managing heating and cooling demands for years to come. The roof is original to the 2017 construction; while the shingles are now ten years into their lifespan, a recent professional evaluation by a roofing specialist confirmed the system remains sound and does not yet require replacement. When minor water intrusion occurred in the master bathroom and garage wall—a known vulnerability on properties positioned on the ridge elevation where wind-driven rain can blow under shingles during storms—the affected areas were sealed and have remained dry through subsequent weather events. The slab foundation is stable, and the home's plumbing and electrical systems function properly. The two-car garage provides parking and storage space. The lot represents a genuine advantage: at 6, 316 square feet, it is substantially larger than typical neighboring properties and offers private outdoor space. This size became available because the original neighborhood design incorporated common areas and varied lot dimensions across the development phases. The property sits in Ridge of Dundee, a 500-home community that has appreciated measurably as newer phases were completed. The neighborhood benefits from restrictive covenants that maintain property standards without prohibiting investment or rental use, giving buyers flexibility in ownership strategy. HOA fees of $400 annually cover community maintenance, and the neighborhood includes public water and sewer service, eliminating private well or septic concerns. Location advantages include access to retail shopping, dining, and medical facilities within Dundee and the surrounding area. Highway 17 provides direct regional connectivity. For owner-occupants seeking a recently built home with a new AC system, strong lot size, and equity positioning in an appreciating neighborhood, this property offers move-in ready opportunity with potential for selective cosmetic updates. For investors, the assumable mortgage at a competitive 4. 5 rate, the strong lot size, the recently upgraded mechanical systems, and the HOA community standards create an attractive acquisition profile. The home is priced appropriately for the neighborhood and the current market, reflecting both the recent systems upgrade and the long-term appreciation fundamentals of the Ridge of Dundee area.
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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 | $191,920 | $191,920 | $191,920 |
| 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 | $234 | $234 | $234 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,182 | $1,213 | $1,594 |
| Total Monthly Payment | $1,491 | $1,522 | $1,903 |
* 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.