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Under Construction. What's Special: No Rear Neighbors | Close to Amenities | East Facing Lot. New Construction - August Completion! Built by America's Most Trusted Home Builder. Welcome to the Monarda at 2631 Balmerino Way in Southloch! This thoughtfully designed two-story townhome style condominium offers an open and airy layout with a spacious great room that flows seamlessly into the kitchen, creating the perfect space for gathering with family and friends. The kitchen features a central island, a walk-in pantry, and easy access to the rear patio for indoor-outdoor living. Upstairs, a versatile loft provides additional room to work, relax, or play, while two secondary bedrooms share a full bath. The private primary suite is tucked away at the back of the home and features a spacious walk-in closet and an ensuite bath with dual sinks. A one-car garage, convenient first-floor powder room, under-stair storage, and dedicated laundry area add comfort and functionality throughout. Southloch is a gated community offering a welcoming lifestyle just minutes from historic downtown Mount Dora’s shops and festivals. Planned amenities include a pool and cabana, hammocks, cornhole, a Nature Play Space, and a Monarch Butterfly Garden. Enjoy nearby golf, plus convenient access to shopping, dining, Lake Dora, and major roads. Additional Highlights Include: upgraded cabinets and flooring, quartz countertops, refrigerator, washer, dryer and 2" faux blinds throughout. Photos are for representative purposes only. MLS#O6425289
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Our Executive Mortgage Banker:
Our Insurance Division:
$290,000
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 | $232,000 | $232,000 | $232,000 |
| 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% | 6.640% | 5.952% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,389 | $1,465 | $1,927 |
| Total Monthly Payment | $1,464 | $1,540 | $2,002 |
* 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.