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Take Advantage of the new and reduced PRICE IMPROVEMENT on this Lakes of Mount Dora stunning home built by Medallion the Antigua model boasts an open floor plan great for entertaining. This residence offers 2 bedrooms plus an office/den, a separate dining area complemented by a generous 2-car garage. Inside, you'll find elegant tray ceilings adding a touch of refinement. The gourmet kitchen is a focal point. To the left rear of the home, you'll find the spacious owners suite with a large walk-in closet. Large master bath with dual vanities, as well as a Linen closet walk in shower and soaking tub for relaxing. Additionally, the home includes a large laundry room with a tall sink, and a beautifully extended and screened back lanai, perfect for enjoying the large backyard. Located in the heart of Central Florida, the Lakes of Mount Dora is known as an award-winning 55+ gated community, offering an array of amenities and recreational opportunities. Upon entering this vibrant community lies the magnificent 18, 000 square foot clubhouse, serving as the central location for the community. Here, residents participate in a variety of activities, from quiet moments in the library to games with neighbors in the billiards and card rooms. A well-equipped gym awaits fitness enthusiasts, while the arts and crafts room provide a creative outlet for those who love utilizing their artistic abilities. Outdoors, residents can enjoy the community's wealth of recreational facilities. With close to 4 miles of interconnecting waterways, residents can explore by boat, kayaks, canoes, paddle boats! The catch and release fishing is always a relaxing time for all. Those who enjoy staying active will delight in the opportunity to participate in pickleball, tennis, bocce ball, and croquet on the well maintained lawns. The oversized pool and hot tub allow for refreshing relaxation, while scenic walking trails are perfect for walking your dog or light exercise with your friendliest neighbors. If you own an RV the community comes with a fenced and gated RV/Boat Parking area too. All of these amenities and more are accessible with a monthly HOA fee of $280, which also includes reclaimed sprinkler system lawn irrigation and internet/cable services. Lakes of Mount Dora is located just under 15 minutes from downtown Mount Dora of the "City of Festivals" in which the town's rich cultural offerings, from art galleries and festivals has coined its name. Those seeking some excitement or a great way to entertain guests, Orlando's attractions and beaches are just over an hour away. Don't miss out on this opportunity to make the Lakes of Mount Dora home your very own piece of Florida paradise!
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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 | $399,192 | $399,192 | $399,192 |
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% | 7.037% | 6.152% |
Monthly Tax Payment | $337 | $337 | $337 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,490 | $2,622 | $3,342 |
Total Monthly Payment | $2,902 | $3,034 | $3,754 |
* 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.