Under contract-accepting backup offers. BETTER THAN NEW! Why wait to build when you can move into this GORGEOUS home with WATER VIEWS and all the finishing touches already done?! Soak up the beautiful blue skies and Florida Sunshine while you are relaxing on the LARGE LANAI, and then cool off with a dip in your HEATED, PRIVATE POOL. The BUILT-IN GRILL makes for easy and enjoyable outdoor cooking. The Covered Lanai is accented with a CEDAR PLANK CEILING for a custom look. The WALL-MOUNTED TV on the lanai makes it easy to enjoy those special games or favorite shows. This is FLORIDA LIVING! Inside the home you will find CEILING FANS with built-in lights in all the Bedrooms. Coordinating Window Treatments add that perfect decorative touch. SHIPLAP accent walls in the Owners Suite and Kitchen add a distinctive flair. Attractive LIGHTING FIXTURES complete the look. CLOSET SPACE abounds! The Owners Suite features (2) WALK-IN closets. A Double-wide Hallway closet is the perfect space for Linens, extra Paper Products, etc. You will also find OVERHEAD STORAGE in the garage that provides the perfect space for those rarely used items. Additional STORAGE SOLUTIONS abound in the garage with racks and shelves that make it easy to stay organized. The Garage Refrigerator gives you space for extra drinks and those large platters and overflow food when you are entertaining. The gated community of Lorraine Lakes is RESORT-STYLE LIVING at its finest. The Fully equipped Clubhouse features a FITNESS CENTER, Aerobics Studio, Arcade, Indoor Gymnasium, Indoor/Outdoor Dining and a Fully stocked Bar. The SPORTS COURT features Tennis, PICKLEBALL, Volleyball, Bocce and Basketball courts. Water options abound featuring a Lap Pool, a Resort Pool and a Splash Pad. There is also an on-site Lifestyle Director who makes sure there are plenty of planned activities as well - the perfect way to meet neighbors and make new friends! In addition to all of this, the sellers just had a HOME INSPECTION performed and the inspector declared, “The condition of the home is exactly what you would hope to find for newer construction. ” They will happily share the report with you. For additional Peace of Mind, they are also including a HOME WARRANTY. Remember, the Closing Costs on a resale home are considerably lower than on new contraction; yet another reason you want to make this home yours. FEES INCLUDE: Access to all of the Amenities; Basic Cable and Internet; Grounds Maintenance; Guarded Gate House and more! It does not get better than this!
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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 | $511,200 | $511,200 | $511,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.286% |
Monthly Tax Payment | $548 | $548 | $548 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,487 | $3,398 | $4,314 |
Total Monthly Payment | $4,127 | $4,038 | $4,954 |
* 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.