There is a lot to love about this property located in the quiet Melwood Oaks community in north Manatee County. Melwood Oaks is a Pet friendly, all age neighborhood with no CDD and a low HOA. Lawn mowing and edging, cable and internet are included in the monthly fees. This lovely 1440 SF villa has 2 BR, 2 Baths, an air conditioned Florida room and a rarely available 2 Car Garage. Entering the foyer you are greeted with gorgeous luxury vinyl plank flooring. The spacious great room with vaulted ceilings is bathed in natural Florida sunlight from the overhead skylights, side windows and sliding doors. The dining area off the great room leads to the light bright kitchen with white cabinets and gorgeous granite countertops. The screened lanai is accessed from the kitchen, great room or master bedroom in the rear of the home. The lanai overlooks the vinyl fenced backyard which offers privacy and space for your furry friends. The guest bedroom and guest bath are at the front of the home with the Master bedroom and bath in the rear of the home. Soak your worries away in the step-up garden tub in the master bedroom. The oversized walk in closet helps with organizing. There is a separate inside laundry room in the hallway as you enter the home from the garage. The HOA takes care of mowing, blowing and edging so you can sit back and relax in the community pool or your own screened lanai. Melwood Oaks is tucked away off US 19 in Palmetto with easy access to I75, 275, US 19 and US 41. This allows for an easy commute to Bradenton, St. Petersburg and Sarasota. A small community of 97 units in a natural setting of mature trees and ponds. Visit www. melwoodoaks. com for community information. Home Sweet Home.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $230,800 | $230,800 | $230,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | $205 | $205 | $205 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,594 | $1,534 | $1,979 |
Total Monthly Payment | $1,873 | $1,813 | $2,258 |
* 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.