Discover your dream home in the desirable Ballentrae neighborhood, conveniently located just 25 minutes from the airport and downtown. This beautifully maintained home offers exceptional convenience and is a part of a distinguished school district, including Bexley Elementary, Charles S. Rushe Middle, and Sunlake High School.
The home greets you with fresh paint, new hurricane-resistant sliding doors, and elegant, water-resistant premium laminate flooring throughout. Significant updates include a newly installed roof in 2021 and an updated HVAC system in 2022, complemented by energy-saving solar panels. The solar panels, valued at $48, 000. 00, are available for loan assumption at an attractive 2. 99% interest rate with a monthly payment of $250.
Step outside to a newly fenced backyard, complete with a delightful gazebo perfect for relaxation and entertainment. Inside, modernized bathrooms and updated appliances blend style with functionality, creating a living space that is both chic and practical.
The Ballentrae community enhances your living experience with a plethora of amenities, including a swimming pool, basketball and tennis courts, a fitness center, a clubhouse, and a playground.
Seize the opportunity to make this exceptional property your new home. Schedule your viewing today.
As a potential buyer of this property in the Ballentrae neighborhood, you have two distinct purchase options to consider, each with its own financial implications:
Option 1:
- Purchase Price: $429, 900.
- Solar Panel Loan: Assume the existing solar panel loan.
- Interest Rate: 2. 99%.
- Monthly Payment: $250.
- Remaining Balance: $48, 000.
Under this option, you would take over the solar panel loan, continuing its payments under the specified terms. This choice keeps the initial purchase price lower but includes an ongoing financial commitment for the solar panels.
Option 2:
- Purchase Price: $477, 900.
- Solar Panel Loan: Included in the purchase price and paid off during closing.
This option involves a higher purchase price, but it includes the cost of the solar panels, effectively freeing you from the associated loan and its monthly payments. The advantage here is a single, straightforward transaction without ongoing loan obligations for the solar panels.
Each option has its benefits and considerations. Option 1 offers a lower initial purchase price but includes a loan assumption, while Option 2 provides a higher purchase price with the benefit of settling the solar panel loan immediately. Your decision may depend on your financial situation, your preferences for upfront versus ongoing costs, and your long-term investment plans for the property.
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Our Executive Mortgage Banker:
Our Insurance Division:
$429,900
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $343,920 | $343,920 | $343,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.538% |
Monthly Tax Payment | $169 | $169 | $169 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,346 | $2,286 | $2,949 |
Total Monthly Payment | $2,590 | $2,530 | $3,193 |
* 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.