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Welcome to Palm Lake Estates, a highly desirable and active 55+ community in Bradenton where you own the land so no lot rent. This move-in ready 2-bedroom, 2-bath home offers over 1, 300 sq ft of well-designed living space with major updates already done, including a newer HVAC and water heater (2023), plywood subfloors with new flooring, and windows. The kitchen is large and has a built in pantry and laundry closet inside. All windows have blinds. Inside features a large, open living area with built-in storage and a thoughtful design that gives comfort and a relaxed lifestyle. As you walk down the hallway there are three closets maximizing every square inch of available space. Both bathrooms have new toilets and have a elegant feel with skylights letting in natural light and decorative light sconces. Enjoy year-round Florida living with an enclosed Florida room and a screened lanai. Outside, you’ll find a private covered carport and an extra-large utility shed with shelving, Sprinklers are in place and operational to help maintain the landscaping. Palm Lake Estates offers NO LOT RENT and a low maintenance fee of only $275/month, which includes water, sewer, trash, cable, internet, lawn care, on-site manager, clubhouse, community pool, and security. There is a community wood-shop open to residents. Palm Lake Estates is well maintained and an established active community with a full calendar of events and activities. This property is conveniently located minutes from shopping, restaurants, the airport, and the beautiful beaches of Anna Maria Island, this home is a wonderful opportunity to enjoy the lifestyle you deserve. Affordable, updated, turn key and ready to go. Opportunities like this don’t last in Palm Lake Estates.
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:
$135,000
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 | $108,000 | $108,000 | $108,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.866% |
| Monthly Tax Payment | $57 | $57 | $57 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $648 | $674 | $890 |
| Total Monthly Payment | $780 | $806 | $1,022 |
* 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.