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One or more photo(s) has been virtually staged. This updated, move-in ready condo is available in Lakewood Park - a GATED and LAKEFRONT COMMUNITY in the heart of Altamonte Springs. The unit is ready for immediate occupancy, no need to wait for a tenant lease to expire or homeowner to move. Hoping to skip the inconvenience of a public laundry facility? You are in luck, as this unit has a washer and dryer inside. Located on the 3rd floor, you get your own personal balcony. The kitchen was updated with shaker-style cabinets and granite countertops. The spacious living room has an electric fireplace, adding character and coziness to the home. The mature landscaping and oak trees throughout the community are gorgeous and provide lots of shade. Your HOA payment includes amenities such as the entrance gate, 2 pools (lakefront!), clubhouse with a theater room, car wash, jet ski storage, beach volleyball, tennis courts, and a fitness center, in addition to your water/trash/sewer bill. Lakewood Park is located approximately a half mile from the Altamonte Mall and the nearest Publix grocery store. The I-4 entrance ramp is about 1 mile away, offering easy access to Lake Mary, Downtown, and Orlando’s famous theme parks. Cranes Roost Park, just a mile or so away, is home to festivals, Red Hot and Boom Fourth of July celebration, walking paths, and outdoor concerts.
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Our Executive Mortgage Banker:
Our Insurance Division:
$145,000
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 | $116,000 | $116,000 | $116,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $152 | $152 | $152 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $733 | $762 | $971 |
Total Monthly Payment | $960 | $989 | $1,198 |
* 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.