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Assumable FHA Loan at 3. 2% – Rare Opportunity! Qualified buyers may assume an existing FHA loan with an approximate balance of $260, 000, offering significant monthly payment savings compared to current market rates. Move-in ready and beautifully maintained, this spacious 4-bedroom, 3-bath home is located on a quiet cul-de-sac in the highly sought-after Preserve at Riverview, featuring low HOA fees and NO CDD fees. Enjoy peace of mind with a brand-new shingle roof (1 year old) and a new HVAC system (air handler and condenser). The property is also located outside of a flood zone, helping reduce insurance costs. Inside, the open and functional three-way split floor plan with high ceilings offers both privacy and flexibility. The kitchen features granite countertops, stainless steel appliances, and a breakfast nook, and overlooks the main living and dining areas, including a separate formal dining room—ideal for entertaining. The primary suite provides a relaxing retreat with a walk-in closet, garden tub, and separate enclosed shower. A front bedroom with an adjacent full bath is perfect for guests or multigenerational living, while two additional bedrooms in the rear share a convenient Jack-and-Jill bathroom. Step outside to a covered and screened lanai, perfect for enjoying Florida living year-round. The backyard is partially fenced and can be easily fully enclosed. Energy-efficient solar system in place with a lease of approximately $128/month, helping keep utility costs low, with an average electric bill of approximately $37/month. Additional savings opportunity: The Florida Green Finance Authority assessment on the property tax bill will be paid off at closing, resulting in an estimated $1, 500 reduction in annual property taxes. Conveniently located just minutes from US-301, US-41, and I-75, offering easy access to shopping, dining, healthcare, and all that the Tampa Bay area has to offer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$359,000
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 | $287,200 | $287,200 | $287,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.373% |
| Monthly Tax Payment | $600 | $600 | $600 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,722 | $1,792 | $2,345 |
| Total Monthly Payment | $2,397 | $2,467 | $3,020 |
* 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.