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Under contract-accepting backup offers. AMAZING OPPORTUNITY to own a home (1968) with a separate workshop (1980), plus a large shed, on an ONE ACRE LOT CLOSE TO OVIEDO on beautiful Lake Drive!!! It is very rare to find a home on one acre with a large workshop + a nice shed! UPDATES COMPLETED ON THIS HOME: *ROOF 2022 *SIDE ENTRY DOOR BY GARAGE REPLACED 2023 *HVAC MAIN HOUSE 7 YEARS OLD. *EXTERIOR PAINT 2024. This 4-bedroom Oviedo home has 2, 125 heated square feet, and it has 4, 275 total square feet. This total square footage includes the attached oversized, 23' by 22', side-entry garage, AND this total includes the back, covered, 24' by 15' screened porch, AND this total includes the separate 48' by 26' workshop! (Workshop has its own HVAC and separate electric. ) This total square footage does not include the nice 20' x 11' shed. The 300' by 150' lot has 16 mature, nice sized, native Florida oak trees. The land is cleared except for the mature trees and the three buildings, and the horse shoe pit. Much of the property has new vinyl fencing; this fencing is on the back property line, and it is on both sides - there is no fencing in front of the property. Fencing was put up by M/I Homes. A recent (December 2024) 4 Point Inspection is available with details on the roof, electric, HVAC, and plumbing. This 4-bedroom, 2 bath BLOCK HOME sits on a high and dry 1 acre lot. OTHER FEATURES INCLUDE: the 2 CAR OVERSIZED SIDE ENTRY GARAGE, the EXTRA LONG ENTRY DRIVEWAY, the HUGE SCREENED PORCH WITH TRUSSED ROOF, and the LARGE WORKSHOP BUILDING AND AN ADDITIONAL SHED ON THE BACK OF THE PROPERTY. Well & septic. (Check with Seminole County about getting water to the property. ) There is no HOA which means that you can park work-vehicles on this property! You will love and appreciate this land with all these nice Oak trees around the property and the spacious, cleared space in the back of the property. The home needs some inside, cosmetic refurbishments. There are so many possibilities for this incredible home located right in the middle of Oviedo! Home Depot, Lowe’s, & Oviedo on the Park are a few minutes away. You will be close to many Oviedo restaurants, grocery, and businesses. Top rated local public schools. The University of Central Florida & the Research Park area is only a short drive away. There are several dozen nearby new homes valued in the $700’s, $800’s, $900’s and over one million dollars. Do not miss this opportunity. Call today for a showing appointment!
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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 | $540,000 | $540,000 | $540,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.173% | 7.316% | 6.550% |
Monthly Tax Payment | $25 | $25 | $25 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,502 | $3,638 | $4,630 |
Total Monthly Payment | $3,619 | $3,755 | $4,747 |
* 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.