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The ultimate nature lovers dream home backed up to a preserve filled with birds that frequently visit. Enjoy the Florida resort golfing lifestyle a worry free Islander II Model with updated 2019 roof. The homeowner is a meticulous housekeeper, everything kept in perfect order. The home features laminate & tile floors, a huge kitchen with island, granite countertops, a separate laundry room, a separate screen porch & storage room. 3M window tint, newer Water Heater, A/C is only two years old. Resort living in the amenity packed Savanna Club 55+ community 4 clubhouses, restaurant, 18 hole golf course, rec. center, 3 pools, a 10, 000 SF Theatre. Pickleball, horseshoes, tennis, shuffleboard, fitness & tons of activities. Off US1 23 min to Beach, 14 min to Hospital Priced about 50% less than what a similar size property would be in the City of Port St. Lucie. This is a Land Lease property. The benefits of a land lease property are that you can purchase a very nice home for a low price and have all the amazing amenities; 18 hole golf course, tennis, pickleball, pools, theater, Tons of clubs and activities of a beautiful, clean and very active lifestyle community with an affordable monthly payment for the land, which would be less than a mortgage would be. Lease rate has annual increases of 2. 5% or CPI whichever is greater. HOA Orientation required within 10 days of closing.
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Our Executive Mortgage Banker:
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$205,000
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 | $164,000 | $164,000 | $164,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $333 | $333 | $333 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $982 | $1,023 | $1,351 |
| Total Monthly Payment | $1,389 | $1,430 | $1,758 |
* 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.