Features and Amenities at 514 Lake Drive

Don't miss this rare opportunity to own this magnificent home site with approximately 3 acres and great lake views. Property may be purchased with 20' of water access and cross easement for $199,900. Property may also be purchased with approximately 1 additional acre on the lake for $399,900. Sewer easement to be provided to waterfront lot for grinder pump installation. The 4BR plus office/den home is situated at the highest elevation around the lake and second highest in the state of Florida. New upgrades include new carpet, paint, cabinet fronts, new poured driveway (portion heading up hill) and new back door. The home will be conveyed ''as is'' with no warranty of condition.
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Property Features
  • Appliances
  • Dryer
  • Range / Oven
  • Refrigerator
  • Washer
  • Heating
  • Fireplace
  • Rooms
  • Dining Room
  • Family Room / Living Room
  • Sun Room
  • View
  • Water

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Local Schools

School Score Class Size Distance
Paxton School 15 1.54 mi

Home Details

Bedroom(s)
4
Bathroom(s)
2
Square Footage
2,077
Price per SqFt
$87
Lot Size
3 acres
Stories
1
Property Type
House
Year Built
1948
MLS #
553772
Neighborhood
--
County
walton
Monthly Est. Mortgage
$930
Monthly Est. Insurance
$63
Monthly Property Tax
$179.90
Last Updated
06/22/2017

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Total Rooms
--
Garage SqFt
--
Year Updated
1948
Cooling System
--
Heating System
--
Heating Source
--
Tax Year
--
Tax Amount
$842

Estimated Mortgage Rates

Credit Score
Excellent (740+)
660
740+
Down Payment
20 %
5%
40%
Product: 30 Year Fixed Mortgage, All Points
Loan Amount: $143,920
  • 3.990% APR
    Jun 26
  • 3.990% Rate
    0 Points
    30 Rate Lock
  • 3.900% APR
    Jun 26
  • 3.750% Rate
    1 Points
    30 Rate Lock
  • 3.920% APR
    Jun 26
  • 3.625% Rate
    2 Points
    30 Rate Lock
  • 3.919% APR
    Jun 26
  • 3.850% Rate
    0 Points
    60 Rate Lock

Mortgage Calculator

With a current price of $179,900 and a mortgage rate of 4.0%, someone purchasing 514 Lake Drive, Laurel Hill, FL , 32567 could expect to have a monthly payment of $930. This assumes a 20% down payment of $35,980 , a high credit score and a 30 year fixed-rate mortgage. You can use the mortgage calculator to estimate the monthly payment with different values.

Loan Amount
$143,920
$0
$179,900
Down Payment
20 %
0%
30%
Loan Term
30 years
0 years
40 years
Interest Rate
4 %
0%
7%
Homeowner Insurance
$63
$0
$1,000
Property Tax
1.2 %
1%
6%
Principal & Interest$687Insurance$63Taxes$180PMI$0Estimated Payment$930

Request Information

Cynthia Lea Blanton
Listing Source:
Emerald Coast Association of REALTORS (via Listhub)
Offered By:
Resortquest Real Estate
Office Phone:
850-837-4774
Last Change:
06/18/2017
Days on Site:
201

Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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