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Don’t miss your chance to own this well-maintained 3 bedroom, 2 bath home with a detached apartment, ideally situated on an oversized lot in a well-established Lake Wales neighborhood. Inside, the home welcomes you with a bright and airy living room, filled with natural light from large windows. The adjacent dining room features sliding glass doors that open to a spacious screened rear lanai—perfect for relaxing or entertaining in comfort. The generously sized kitchen offers abundant counter space, solid wood cabinetry, a built-in pantry, and plenty of room for a breakfast nook or dinette. The master suite includes large windows that brighten the space and a private en suite bathroom for added convenience. Two additional guest bedrooms and a full hallway bath offer comfort and flexibility for family or visiting friends. Adding even more value to this property is the detached apartment, an ideal space for extended family, guests, or potential rental income. It includes a full kitchen, a private bathroom, and a combined living and bedroom area. The apartment also features its own large, screened lanai, offering a private retreat with a Florida breeze. The fully fenced backyard provides a sense of privacy and room to spread out, complete with four detached sheds—perfect for storage, hobbies, or workshop space. Recent updates include a new roof installed in June 2020, blown-in insulation added in 2021, Anderson storm windows throughout the home, and a new HVAC system with updated ductwork installed approximately three years ago. Conveniently located with easy access to Hwy 27, you’ll be just minutes from shopping, dining, entertainment, and medical facilities. This unique property offers incredible space, flexibility, and value—and it’s priced below a recent appraisal. Schedule your private viewing today to see everything this Lake Wales gem has to offer.
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William Raveis Real Estate
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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 | $231,200 | $231,200 | $231,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.095% | 7.141% | 6.152% |
Monthly Tax Payment | $106 | $106 | $106 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,461 | $1,537 | $1,935 |
Total Monthly Payment | $1,642 | $1,718 | $2,116 |
* 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.