16916 Pelham PLACE, Lakewood Ranch, FL, 34202 | $799,000

HUGE PRICE IMPROVEMENT ! Don’t let this exceptional opportunity pass you by! Grandparents dream. Perfect for grandparents looking forward to hosting visits from grandkids and other guests, this home offers an unbeatable opportunity! With a recent price improvement, this rare 2-story SUMMERWOOD MODEL is designed to accommodate guests with ease. The guest space includes a spacious living area with a separate bedroom and ensuite, ensuring comfort and privacy for all. Living in Florida means you’ll never be short of visitors and the 2-level bonus space provides the ideal retreat for your guests. This home is thoughtfully designed for those in search of additional room to spread out. Nestled within the distinguished #1 55+ community in Lakewood Ranch, the nation’s premier multi-generational development, this delightful residence eagerly awaits your presence. Immaculately maintained and move-in ready, this gem sits on a beautifully landscaped water view lot. Bathed in natural light, the home exudes an airy and bright ambiance, instantly lifting your spirits. Encompassing 2, 767 sq ft with 3 bedrooms, 3 bathrooms, and a den, this residence ensures ample space for your comfort. The owners spared no expense with lavish upgrades like crown molding, plantation shutters, coffered ceiling in owner’s retreat, lots of recessed lighting, 8’ 2-panel Cheyenne interior doors, 4’ garage extension, a whole-home generator, water softener, security system, just to name a few. The owner’s ensuite features dual sinks and a spacious fully tiled walk-in shower with a convenient bench and grab bar. Neutral and tastefully adorned, this home is ready for your distinctive touch. The upgraded kitchen is a culinary haven, equipped with premium 42” cabinets, coordinating granite countertops, a gas cooktop crowned with a stunning wood hood, and built-in microwave and oven. Staggered light-toned plank tile graces the main living areas, while neutral carpets enhance the bedrooms, den, and bonus area. The chef of the home will appreciate the kitchen layout. The open floor plan effortlessly invites you to entertain, extending seamlessly to the lanai, where there’s room for seating to enjoy the enchanting Florida evenings. This outdoor haven allows you to take the indoors outside, fully embracing the Florida lifestyle. Don’t miss the chance to experience this remarkable home firsthand! Schedule a viewing today to fully appreciate the beauty and potential it holds. This home is ready to welcome you with open arms, providing comfort, style, and the perfect setting to create lasting memories.

Features

  • Amenities: Clubhouse, Fence Restrictions, Fitness Center, Gated, Lobby Key Required, Pickleball Court(s), Pool, Recreation Facilities, Security, Spa/Hot Tub, Tennis Court(s), Vehicle Restrictions
  • Rooms: 8
  • Bedrooms: 3
  • Baths: 3 full
  • Laundry: Inside, Laundry Room
  • Style: Florida
  • Year Built: 2016
  • Garage: 2-car Driveway, Garage Door Opener, Off Street, Oversized
  • Heating: Central, Natural Gas
  • Cooling: Central Air
  • Approx Sq. Feet: 2,767
  • Acreage: 0.2
  • Est. Taxes: $7,512
  • HOA Fee: $1,036 Quarterly
  • Lot Desc: Cul-De-Sac, In County, Landscaped, Level, Private, Sidewalk
  • View: Water
  • Adult Communities: Yes
  • Elem. School: Robert E Willis Elementary
  • Middle School: Nolan Middle
  • High School: Lakewood Ranch High
  • Pet Policy: Breed Restrictions, Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Refrigerator, Washer, Water Filtration System, Water Purifier, Water Softener, Whole House R.O. System
  • MLS#: A4588971
  • Days on Market: 159 days
  • Website: https://www.raveis.com
    /prop/A4588971/16916pelhamplace_lakewoodranch_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/14/2024 9:17:09 PM)

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Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1020051

508.740.5922

Frank.Merola@raveis.com

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16916 Pelham PLACE, Lakewood Ranch, FL, 34202

$799,000

Phyllis Nickerson Power

William Raveis Real Estate

Phone: 508.237.1406

Phyllis.NickersonPower@raveis.com

Frank Merola

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 508.740.5922

Frank.Merola@raveis.com

NMLS Mortgage Loan Originator ID 1020051

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $639,200 $639,200 $639,200
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% 7.171% 6.538%
Monthly Tax Payment $626 $626 $626
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,360 $4,248 $5,481
Total Monthly Payment $5,078 $4,966 $6,199

* 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.