Presented byThomas Lomenzo |
Under contract-accepting backup offers. The price of this amazing 4 bed / 4 bath home has been reduced to $949, 000 ($46, 000 below the appraised value). It is situated on 11. 03 acres on Lake Dowling, a large private-access-only lake of ~80 acres in size. The house has an open space floor plan with cathedral ceilings, solid oak plantation shutters throughout with matching solid oak hardwood floors and porcelain tile in the kitchen and baths. The kitchen has granite countertops and backsplash, an induction cooktop and a one-piece granite sink. The living room is the focal point of the house and has a wood burning fire place and three glass sliders that disappear behind a wall to provide a twelve foot wide access to the patio and a stunning view of the lake. The living room also has a large remote controlled skylight (with auto-close if rain is detected) . The Master Bedroom is oversized with dual sinks and closets. Brand new air conditioner (2024). The roof is going to be replaced. The large screened-in patio, a whopping ~1, 632 sq ft, has a blue resin-lined 12 x 24 pool with an outdoor shower, a cabana bath, a fish pond and an english-pub style bar. The property has a separate 14 x 20 art studio / office that is fully equipped with a ¾ bathroom, a kitchen with dishwasher plus washer and dryer. It also has a Murphy bed.
This 11 acre gently sloped property is surrounded by rolling hills, rare in Florida and reminiscent of living up north. There is ~800 feet of lakefront, teaming with wildlife. The property is almost completely fenced in with a paved “U-shaped” driveway, two gates, each with remote control openers. The imposing lighted fences and gates give this home a stately appearance, day or night, to assure you of the splendor to follow. There is a 14 x 31 climate controlled unattached workshop/garage in addition to the attached two car garage. In addition to all this, there is a large 40 x 45 barn with electricity and water.
Set in a highly desirable area, this property benefits from a great location: 6 miles from I-75, 25 minutes from Wesley Chapel where you will find popular entertainment, shopping centers and dining establishments. Just an hour and 15 minutes from the beaches of Clearwater and St. Petersburg and the same distance to Orlando. An hour away from Ocala (Horse Capital of the World) where the stunning World Equestrian Center is located. The combination of natural beauty and prime location make this unique property in an absolute gem in the real estate market!!!
Cost Savings: This property has many features to help bring down your mortgage payment! The art studio / office currently rents out for $1, 200/mo. Also, the property is green-belted to save you ~40% in property taxes. There is a 10, 000 watt solar system.
The barn could be rented out for storage for extra income, too. If you don’t want the pine trees you can make a phone call and just wait for a check to arrive.
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:
$949,000
Sales Associate
William Raveis Real Estate
Phone: 508.332.8842
Thomas.Lomenzo@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $759,200 | $759,200 | $759,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.786% | 6.888% | 6.976% |
Monthly Tax Payment | $311 | $311 | $311 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,051 | $4,924 | $6,718 |
Total Monthly Payment | $5,454 | $5,327 | $7,121 |
* 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.