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Beautiful Palencia home with some of the CDD bond paid off for significant annual savings! This Lennar Cordova floor plan includes 3 bedrooms, 2 bathrooms PLUS a generous sized flex space for a play room, hobbies, work out area or an at home office. The style offers a coastal feel with light wood-look tile and a light and bright kitchen. The family chef will LOVE the upgrades in the kitchen including Bosch appliances, gas stove, quartz countertops, plus plenty of counter space for creating culinary delights. The kitchen is central to the home and overlooks the dining area and family room. The primary ensuite provides a retreat to relax at the end of the day with an oversized walk-in closet. The large pavered screened lanai overlooking a serene wooded preserve will be a favorite place to enjoy the view while sipping your morning coffee, a happy hour cocktail or even al fresco dining. The completely fenced private back yard also includes an additional open air pavered patio for grilling or a future Summer kitchen. Palencia offers second to none resort style amenities including a championship golf course, lap; pool and waterslide pool, tennis and pickleball courts plus a fitness center. A major bonus is the FREE pickleball and fitness classes - including Yoga, Spin, Barre, Pilates, HIIT, water aerobics and so much more! Located just minutes from historic downtown St. Augustine, pristine beaches, shopping, dining, and top-rated schools, this home offers the perfect balance of peaceful gated community living with easy commute to stores, shops, restaurants and beaches; this home delivers both lifestyle and location. Easy access to major roadways makes commuting simple while still enjoying the charm and beauty of coastal living. Don't miss your opportunity to own this move-in-ready home in one of Northeast Florida's most sought-after areas where comfort, style, and the Florida lifestyle come together in one exceptional home. Schedule your private showing today!
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
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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 | $468,000 | $468,000 | $468,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | $725 | $725 | $725 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,882 | $2,997 | $3,918 |
| Total Monthly Payment | $3,698 | $3,813 | $4,734 |
* 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.