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Under contract-accepting backup offers. This is a MUST SEE! Enjoy a $20, 000 extended lanai addition overlooking the sparkling pond behind - the perfect blend of added value and peaceful outdoor living. Located in the highly sought-after resort-style community of Lorraine Lakes, this meticulously maintained and popular “Orchid” villa offers you serene mornings with a cup of coffee overlooking glistening pond views or unwind in the evenings watching your favorite TV show in this peaceful outdoor retreat. Situated on a quiet cul-de-sac and just a short distance from the community’s AMAZING resort amenities, this home delivers the ideal maintenance free Lakewood Ranch lifestyle. This fantastic 2 bed, 2 bath + den/office interior upgrades include granite countertops, stainless steel appliances, a gorgeous brushed-gold dining chandelier—all adding a touch of elegance and convenience throughout. Additional highlights included an epoxy-coated garage floor, tankless hot water heater, exterior landscaping, and mulch supplied by the community HOA. Lakewood Ranch is recognized as the number one selling master planned community, and Lorraine Lakes helps set standards to make that recognition possible. The HOA benefits include lawn maintenance, irrigation, cable, internet, 3 entrances, many common areas, gate guard, and 24-hour security. The amazing resort style town center features amenities including a full-service restaurant, tiki bar, arcade, gym, fitness center, saunas, pickle ball, tennis, volleyball, resort pool, lap pool, and splash pad to name a few. Lorraine Lakes flourishes with walking paths and lovely lakes including the main pond with dock, and fishing is permitted. Don’t miss the opportunity to own this villa home located in the heart of Lakewood Ranch conveniently located to shopping, restaurants, A-rated schools, championship golf courses and a short drive to the famous beaches of the gulf coast. This home and community will make coming home feel like you're on vacation every day.
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Our Executive Mortgage Banker:
Our Insurance Division:
$389,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $311,200 | $311,200 | $311,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.507% | 6.649% | 6.026% |
| Monthly Tax Payment | $185 | $185 | $185 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,916 | $1,965 | $2,584 |
| Total Monthly Payment | $2,176 | $2,225 | $2,844 |
* 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.