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Attention Developers, Investors and Home Builders! Located in the heart of Mount Dora's Historic District, and 2 blocks from downtown, this one of a kind, large . 43-acre lot offers amazing panoramic water views of the Dora Chain of Lakes. Perched high and dry, the property is on a summit 184 feet above sea level. There is currently a 3-story single-family home on the lot, with a finished basement. The property is zoned R-3, and there is a great opportunity to tear-down the existing building and replace it with a 3 story multi-family dwelling, large single-family home or 2 smaller homes. The current home was built in 1910 and renovated about 45 years ago (new electrical, plumbing and stucco). The lower-level basement has been converted into a bedroom, bathroom and kitchenette. The main floor (ground level) has the kitchen, living room, dining room, bedroom/family room and 1/2 bathroom. The 2nd floor is accessible via a spiral staircase and has a bedroom, full bathroom and reading nook. The home faces southwest for beautiful sunset views from almost every room and has an expansive wrap around balcony and deck. Additionally, there is a large 67x80 foot side yard with lush, mature vegetation (large oak trees, palms). You are conveniently located just steps from all the wonderful festivals, art galleries, shops and cafes in Mount Dora.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,500,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,200,000 | $1,200,000 | $1,200,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.911% | 6.739% | 6.686% |
Monthly Tax Payment | $271 | $271 | $271 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,389 | $7,684 | $10,453 |
Total Monthly Payment | $7,785 | $8,080 | $10,849 |
* 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.