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Each parcel in Indian Lake Estates is unique and deserves its own description. CALLING ALL BUILDERS! This lot has been cleared and building can start quickly. This CANAL LOT has been cleared and is ready for your dream construction and personalized landscaping. Facing East, the front of your home takes in the sunrises and the back of your home faces nightly sunsets, each one better than the last. The parcel is almost square, so you have 145 feet of water frontage and 150 feet of depth from the road to the canal. So build a wide, ranch-style home or a narrow contemporary style home. There’s plenty of room for porches and pools to enjoy the Florida weather. This is the second canal away from the largest lake in Polk County, Lake Weohyakapka, so you are a short boat ride away from fishing and water sports – or you can fish right from your back yard. The roads are private, so drive your golf cart to the clubhouse for a round of golf, or to eat at the clubhouse or bakery right here in the neighborhood, or to the lake to watch the sunset from over the water. As you begin to plan your future in Florida, consider living a nice, private life in this neighborhood of Indian Lake Estates (informally, ILE). And, when you feel like socializing, the active community offers concerts, karaoke and trivia nights, card games, bingo, bunco, golf scrambles, movie nights, a book club, plus basketball, pickleball and tennis courts, just to name a few. Indian Lake Estates is a perfect balance of privacy and activity. Take a drive out to ILE and start to draw up your dream home on this blank slate!
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Our Executive Mortgage Banker:
Our Insurance Division:
$105,000
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 | $84,000 | $84,000 | $84,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $503 | $524 | $692 |
| Total Monthly Payment | $578 | $599 | $767 |
* 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.