Under contract-accepting backup offers. This home offers the complete package in Palmer Ranch! NO CDD FEE AND 6 Mi to Siesta Key beach. One of the best lots in Arbor Lakes. A private lake view w/ preserves behind large lake, saltwater pool w/extended covered lanai & spa. Clean & well-maintained 4087 total interior sq. ft, 4 bedrooms, 3. 5 baths, downstairs office, large loft w/wet bar perfect for game room, separate media room, 3-car garage. High-quality fixtures, finishes & upgrades throughout. Repainted exterior & interior in 2022. Serene waterfront living so you can enjoy watching turtles, birds, fish and wildlife. Entire first floor features upgraded engineered wood flooring for seamless flow though out. A huge gourmet kitchen features soft-close doors and drawers & massive Cambria quartz island (comfortably seats four people), stainless steel appliances, Bosch dishwasher, gas range, double ovens, exquisite hardwood cabinetry, & roomy breakfast area w/ scenic views of the lake & preserve. Adjacent to the kitchen is the butler's pantry and walk-in pantry with custom shelving. Whole-house Kinetico water softener, with additional reverse osmosis water station in kitchen. High-end lighting fixtures & Minka ceiling fans in featured rooms. The downstairs features a large primary bedroom with large walk-in custom closet, large ensuite bathroom w/ shower. Remodeled: Cambria quartz countertops, Kohler faucet fixtures, lighting. Newer Toto toilets for easier maintenance. Home has northwest rear exposure, so enjoy breathtaking sunsets while lounging on the pool’s sun shelf, without direct west exposure sun. So many lanai upgrades: Large saltwater pool w/Pebbletech pool finish, in-floor cleaning system, 3 waterfalls, designer artistic pavers are cooler to feet, and "clear view" pool enclosure showcases breathtaking water views. A new remote-controlled variable speed pump makes changing in-floor cleaning to waterfalls convenient. A relaxing Hotsprings therapeutic spa awaits after a long day. Natural gas outdoor kitchen and beverage fridge with travertine top. The lanai is piped for gas for a fire table; NO need to refill a portable propane tank! New Hurricane windscreen for lanai to protect all your patio furniture, storm shutter panels for rest of home. Upgraded wrought-iron staircase to 2nd level, a huge loft with wet bar is a perfect playroom/game room. New carpet on stairwell and upstairs bedroom. Upstairs features separate media room to enjoy movies and entertain. The 2nd level comprises 3 bedrooms, 2 full baths, with one featuring an ensuite bathroom and huge custom closet system! A true 3-car garage with 6 large ceiling-mounted storage racks for extra storage. The garage features a polyaspartic floor (stronger & more durable compared to epoxy garage floors), insulated doors. Generator port/transfer switch for easy house power using portable generator. Covered front porch & walkway, custom landscaping, inside wall pest control. Arbor Lakes is just 6. 4 miles to Siesta Key Beach in highly-rated Ashton Elementary, Sarasota Middle, Riverview High school districts. Reasonable HOA fee, & NO CDD FEE! (all great for resale value!) Conveniently located near downtown, shopping centers, restaurants. Arbor Lakes offers great amenities without being over done to drive up HOA fees. Resort-style heated pool, spa, covered pavilion, playground, splash park, basketball court, sand volleyball, a private dog park, designated fishing areas, and a gas fire pit. Watch 3D Tour & cinematic video.
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,140,000 | $1,140,000 | $1,140,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.877% | 7.014% | 7.041% |
Monthly Tax Payment | $540 | $540 | $540 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,777 | $7,489 | $10,167 |
Total Monthly Payment | $8,442 | $8,154 | $10,832 |
* 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.