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Versatile Opportunity – Ideal Residential Home or Investment Property Near Stetson University & Downtown DeLand
This charming historic home offers incredible potential, whether you’re looking for a residence or an investment property. Located just a short distance from Stetson University and the vibrant downtown DeLand area, it’s a perfect fit for university faculty, professionals, or anyone seeking convenience and proximity to local amenities.
The spacious fenced backyard provides a private outdoor retreat, while the newly updated kitchen combines modern features with functionality in a compact space. A screened-in deck is perfect for relaxing or entertaining, and the inviting front porch enhances the home’s overall charm. Original hardwood floors flow throughout the house, adding warmth and character, while newer windows and a 2020 roof ensure peace of mind for years to come.
Additionally, the property boasts a spacious outdoor storage area with room to accommodate a vehicle, offering extra utility and convenience. The strong rental potential and desirable location make this home a perfect investment, with opportunities for both short- and long-term leasing. It’s an ideal home for those working or studying nearby, with the option for excellent returns in a sought-after area.
Whether you’re seeking a charming place to call home or a property with great investment potential, this home offers the best of both worlds. It’s a rare opportunity to secure a residence with a proven track record of strong demand in DeLand’s growing market.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$239,900
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $191,920 | $191,920 | $191,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.152% |
Monthly Tax Payment | $250 | $250 | $250 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,213 | $1,261 | $1,607 |
Total Monthly Payment | $1,538 | $1,586 | $1,932 |
* 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.