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Presented by![]() Kiara Rusconi |
Under contract-accepting backup offers. FIXER UPPOR, Single family fee simple 2bedroom 1 bath house build in 1954, on masonry blocks piers, wood frame and siding. Needs extensive renovations and updated to building code requirements, yet the value is in the land having . 20 Acres, 8900 square feet with 67 feet frontage and 132 feet deep.
Similar parcels on the same street and neighborhood were subdivided to build 2 separate homes. Having public water, public sewer and electric available is an added value that would save thousands on new construction utility connections. Best and highest use is in redevelopment, since house needs extensive repairs and is being sold as is with land, property and sinkhole disclosures. Call agent for further details.
Property is situated in well established, desired and very upcoming with new constructed homes in the last few years, surrounded by shops, retail, business services, close proximity to schools, hospitals, parks and central Florida amusements parks and hotels.
Great opportunity for investors and developers, priced to sell with a motivated seller. This is a cash only transaction, requiring proof of funds.
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Our Executive Mortgage Banker:
Our Insurance Division:
$152,900
Luxury Properties Specialist
William Raveis Real Estate
Phone: 860.573.3382
Kiara.Rusconi@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 978.423.2254
David.Lewis@raveis.com
NMLS Mortgage Loan Originator ID 49042
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $122,320 | $122,320 | $122,320 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.007% | 7.050% | 6.152% |
Monthly Tax Payment | $5 | $5 | $5 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $763 | $804 | $1,024 |
Total Monthly Payment | $843 | $884 | $1,104 |
* 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.