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Under contract-accepting backup offers. You have struck gold to find this rare one of a kind property nestled within the beautiful Estates of THE SPRINGS community. Build your custom dream home on this lush wooded 1. 35 acre lot or restore the diamond in the rough home back to the beauty it once was. Located within the Estates of the guard gated community of THE SPRINGS, you'll discover a lifestyle that combines serenity and breathtaking beauty. Picture yourself indulging in amenities like a luxurious spa, tennis courts, pickleball, basketball, a vibrant clubhouse and guard gated entry. The highlight of this paradise is the natural Spring itself, surrounded by a pristine sandy beach and majestic century-old oak trees. Take a stroll along a charming wooded path that winds its way through to a picturesque bridge crossing over the Wekiva River. Your journey leads you to the Springs recreation area, where you can unwind by the sparkling swimming pool, enjoy the sandy beach, or bask in the calm ambiance of the natural surroundings. Life at THE SPRINGS isn’t just about relaxation; it’s brimming with excitement and community spirit! Join your neighbors for engaging events like movie nights under the stars, delicious food truck gatherings, festive holiday celebrations, and the much-loved annual Springs concert. Despite the peaceful seclusion offered by this lush, nature-filled retreat, you're conveniently close to all the essentials. Shopping and fine dining are nearby in Longwood and Altamonte Springs, as well as easy access to I-4, pristine east coast beaches, and Orlando's world-famous attractions. This is your chance to live the ultimate Florida dream Lifestyle, complete with highly sought-after, top-rated SEMINOLE COUNTY schools. Don't let this extraordinary opportunity pass you by! The lot is 1. 35 acres, of which, . 36 acre is in wetlands. A Wetland Study and Survey are attached.
This property will be sold AS IS.
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Our Executive Mortgage Banker:
Our Insurance Division:
$579,000
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 | $463,200 | $463,200 | $463,200 |
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 | $383 | $383 | $383 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,890 | $3,043 | $3,878 |
Total Monthly Payment | $3,365 | $3,518 | $4,353 |
* 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.