1280 CYPRESS COVE COURT, Inverness, FL, 34450 | $150,000

Under contract-accepting backup offers. Auction Property. Two units Sold Separately. The Second unit is 1234 Cypress Ct (MLS# TB8354543). . . . . SALE HELD AT 1234 CYPRESS CT 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. . . . Nestled on the scenic Inverness Chain of Lakes, this beautifully updated 2-bedroom, 2. 5-bathroom townhome offers the perfect blend of comfort, convenience, and investment potential. Whether you're looking for a full-time residence, vacation getaway, or income-producing short-term rental, this property checks all the boxes! Ideally located just minutes from downtown Inverness, enjoy easy access to restaurants, shopping, the Withlacoochee State Trail, and endless outdoor activities. Freshly painted and with new flooring and ceiling fans, this home is move-in or rental-ready! The open-concept kitchen and living area provide a seamless flow, with a breakfast bar and dedicated dining space that overlooks the serene lake. Unlike some units in the community, this townhome features a traditional staircase and ample storage closets. Upstairs, both bedrooms have private en-suite bathrooms, ensuring comfort and privacy. The primary suite features two built-in closets and a balcony with breathtaking lake views, perfect for morning coffee or evening relaxation. A laundry closet with a stacked washer and dryer is conveniently located between the bedrooms. The guest suite includes its own bathroom with a walk-in shower. This sought-after community offers a sparkling pool, a private boat ramp, and a storage area, making it a prime choice for vacationers and renters alike. Short-term rentals are allowed, presenting a fantastic opportunity for passive income. Plus, the HOA covers exterior maintenance, roof care, lawn service, trash pickup, and more, allowing for a truly low-maintenance lifestyle. Don't miss your chance to own a turnkey lakefront rental or dream home in one of Inverness’s most desirable locations. . . . . . . . . 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.

Features

  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Laundry: Inside, Laundry Closet
  • Year Built: 1985
  • Heating: Heat Pump
  • Cooling: Central Air
  • Approx Sq. Feet: 1,230
  • Acreage: 0.04
  • Est. Taxes: $1,758
  • HOA Fee: $318 Monthly
  • Elem. School: Inverness Primary School
  • Middle School: Inverness Middle School
  • High School: Citrus High School
  • Pet Policy: Breed Restrictions
  • Appliances: Dishwasher, Electric Water Heater, Range, Refrigerator
  • MLS#: TB8354875
  • Days on Market: 19 days
  • Website: https://www.raveis.com
    /prop/TB8354875/1280cypresscovecourt_inverness_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/5/2025 6:17:08 PM)
Listing courtesy of AMERICAN HERITAGE REALTY, INC.   Phone: 727-726-7272

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1280 CYPRESS COVE COURT, Inverness, FL, 34450

$150,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $120,000 $120,000 $120,000
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% 7.050% 6.132%
Monthly Tax Payment $147 $147 $147
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $749 $788 $1,005
Total Monthly Payment $970 $1,009 $1,226

* 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.