PRICE IMPROVEMENT!!! MOTIVATED SELLERS!! NO FLOOD INSURANCE REQUIRED! Welcome to your serene, low maintenance home. Whether a secondary or a primary home, this stunning lakefront condo boasts a first-floor, north-facing views of the shimmering lake at Lakes Edge Condominium. As you step inside, you'll immediately notice the no-maintenance slate floors (the owner tells me it's a super durable slate look porcelain tile), that will accent whatever decorating style, be it a coastal style, farmhouse, mid-century modern, you name it! No carpet anywhere. Glorious, easy to clean tile that hides all dirt, leaving you time to do more fun things. The open floor plan combines the kitchen, dining, and living areas. This is the larger, two bedroom at Lakes Edge, and you will notice the spaciousness in the size of the rooms and in the extra-large closets and pantry areas. It has a full-size laundry room rivaling something you'll find in a much larger single-family home! Extra-large capacity washer and dryer will dry your beach towels and any laundry, no matter how many guests you have visiting. Speaking of visiting, we must warn you, your guests won't want to leave, because they'll be sleeping on the almost-new queen-sized Murphy bed, equipped with the highest quality mattress possible. Guests have exclaimed it's comfier than their bed at home. When guests aren't there, it pops up and becomes a wall unit with cupboards and open storage to create a den or office or whatever room you want. Both bedrooms are very generously sized. The primary bedroom suite can easily hold a king-sized bedroom set. Both bathrooms have had tasteful upgrades from the original builder grade baths. Everything is freshly painted and ready to receive your personal furnishings so you can make this your oasis. This is a pet-friendly resort home. Dog walkers will love circling the complex and making friends, or crossing the street into the neighborhood there, to zig and zag and get those steps in! The best and most notable thing about Lakes Edge is how cloistered away it feels, and yet, there you are, near EVERYTHING, be it shopping, Historic Punta Gorda, a world-class comedy club and restaurant, literally within walking distance! The list goes on and on. Enjoy the flora and fauna, two pools, social events at the clubhouse, or if you want to be alone, just come to the clubhouse to grab a book. There's a find-a-book-leave-a-book library there! Your HOA includes WATER (which is a high bill in Florida). There's catch and release fishing at the lake if you desire! Or sit on your lanai and watch the many birds of Florida do their fishing. The floor of the lanai is resin bound, another no maintenance choice. Your home will be a true Florida retreat here!
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Our Executive Mortgage Banker:
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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 | $150,320 | $150,320 | $150,320 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | $255 | $255 | $255 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,025 | $999 | $1,268 |
Total Monthly Payment | $1,355 | $1,329 | $1,598 |
* 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.