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PRICE REDUCED TO $629, 900 + RARE 5. 125 INTEREST RATE ASSUMABLE MORTGAGE + HOME WARRANTY INCLUDED!
The sellers have just reduced the price to $629, 900, creating an incredible opportunity to own one of Long Lake Ranch's most desirable floor plans while taking advantage of a rare 5. 125 interest rate assumable mortgage (subject to lender approval), a significant advantage compared to today's interest rates.
This beautifully maintained 2020 MI Homes Newport Bonus model offers nearly 3, 000 square feet of thoughtfully designed living space with 4 bedrooms, 3 full bathrooms, a private office/den, and an oversized upstairs bonus suite complete with its own bedroom and full bath. The flexible layout is ideal for multigenerational living, guests, a private retreat, or a growing family.
The open-concept design is perfect for everyday living and entertaining, featuring a spacious kitchen with granite countertops, stainless steel appliances, abundant cabinetry, and a large center island overlooking the main living and dining areas.
The owner's suite provides a relaxing escape with dual vanities, a walk-in shower, and a generous walk-in closet. Additional highlights include a dedicated home office, ample storage throughout, and a two-car garage.
Step outside to enjoy the covered lanai and private backyard, perfect for relaxing, entertaining, or enjoying Florida's beautiful weather year-round.
Additional advantages include being located outside of a flood zone, access to top-rated schools, scenic walking trails, community amenities, convenient access to shopping, dining, and major highways.
Purchase at full price and receive a one-year home warranty for added peace of mind.
With the recent price reduction to $629, 900, the low assumable interest rate, and the home's exceptional condition and location, this is a unique opportunity buyers won't want to miss.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$629,900
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 | $503,920 | $503,920 | $503,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $1,056 | $1,056 | $1,056 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,018 | $3,182 | $4,185 |
| Total Monthly Payment | $4,166 | $4,330 | $5,333 |
* 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.