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Under contract-accepting backup offers. Auction Property. Two units Sold Separately. The Second unit is 1280 Cypress Ct (MLS#TB8354875). . . . . SALE HELD AT THIS PROPERTY FIRST ON SATURDAY, MARCH 22nd at 12: 00 pm - Noon. Preview from 11: 00 am on sale day. Because this is an auction sale, the home may sell for less or more than the list price. Waterfront Escape – Perfect for Short-Term Rental or Personal Retreat! Seize this incredible opportunity to own a highly desirable end-unit townhouse with direct waterfront views on the Tsala Apopka Chain of Lakes! Whether you're searching for a profitable short-term rental, a peaceful vacation home, or a full-time residence, this 2-bedroom, 2. 5-bath property offers the perfect blend of comfort, style, and income potential. Recently updated with luxury vinyl plank flooring, modern appliances, and fresh paint, this two-story unit is completely move-in or rental-ready. The open-concept living space boasts large sliding glass doors that showcase stunning water views, seamlessly blending indoor and outdoor living. A stylish kitchen with ample storage and a breakfast bar makes hosting guests a breeze. Upstairs, the spacious owner’s suite features a private balcony where guests can sip coffee while overlooking the serene canal. The screened-in back porch provides another relaxing space—perfect for unwinding, fishing, or spotting local wildlife. Plus, the charming front porch adds even more curb appeal. This low-maintenance property is ideal for investors, with a new roof provided by the HOA and access to sought-after amenities, including a sparkling pool and a private boat ramp. Guests can enjoy boating, fishing, and exploring the breathtaking Florida outdoors right from the backyard. Located just minutes from shopping, dining, hospitals, parks, and Rails-to-Trails, this home is in a prime location for short-term renters seeking adventure and relaxation. Don't miss your chance to own a turnkey waterfront rental with incredible earning potential! . . . . . . . . BUYER will receive a general warranty deed, free and clear of all debts, guaranteed with a title insurance policy at closing. . . WILL ENTERTAIN OFFERS PRIOR TO THE AUCTION SALE. See Attachments for offer Instructions. The 4-point Inspection will be Attached shortly and Available at the Preview.
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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 | $120,000 | $120,000 | $120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.490% | 5.490% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.649% | 5.764% |
Monthly Tax Payment | $272 | $272 | $272 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $691 | $758 | $980 |
Total Monthly Payment | $1,038 | $1,105 | $1,327 |
* 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.