Welcome to this charming, tastefully decorated, 3 bedroom 2 bath home that is being offered TURNKEY. It is located on a quiet cul-de-sac in desirable Venice Golf and Country Club (VGCC). If you are looking for a second home, look no farther! Downsizing? It makes a wonderful primary residence too! After entering VGCC through the gatehouse you will appreciate the canopy of oak trees, the 26 ponds, the 13 natural preserves, and the curved tree lined streets. Arrive at 550 Fallbrook, located in the maintained neighborhood of Wentworth which provides lawn mowing and fertilization, annual mulch, tree and shrub trimming, lawn irrigation, roof cleaning and a private neighborhood pool. Enter into the foyer which opens into a spacious living room and dining room that the current owners are using as a reading area. A secondary bedroom which can also be used as a Den is off the floyer on the left. The large lanai with travertine floor and IMPACT HURRICANE sliding glass doors from the living room provides additional living space for entertaiing friends or just quietly enjoying the outdoors. The kitchen has granite countertops, attractive cabinets with lots of storage space, stainless steel appliances including a GAS STOVE. The cozy dinette has 6 IMPACT HURRICANE windows bringing the sunshine in and provides a view of the private back yard. The split floor plan affords privacy when entertaining overnight guests. The primary bedroom has a walk-in closet and private en suite bath with separate his and her vanities. This home offers plenty of space to entertain friends and family. The ROOF was replaced in 2016 and the home has been re-piped. A buried propane tank supports both the gas stove and the TANKLESS HOT WATER HEATER. VGCC is a member owned community with 587 homes and sound financials. MEMBERSHIP IS MANDATORY. The members experience a very active social life. Enjoy both casual and formal dining in the newly renovated Clubhouse. There are a wide variety of activities in addition to golf including tennis, bocce, bridge, mah-jongg, the ''U'' with its educational and social events, wine club, special club events, and much MORE. Pickleball is also available. Take one of the many classes or work out in the newly renovated Wellness Center with state-of-the-art equipment. VGCC is an Audubon Geo-Certified community and is just 5 miles from the historic town of Venice, several beaches, and just 20 miles south of Sarasota. The SELLER IS OFFERING A $10, 000 CREDIT AT CLOSING TOWARD THE ONE-TIME ENTRY FEE FOR CLUB MEMBERSHIP.
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William Raveis Real Estate
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $332,000 | $332,000 | $332,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.841% | 7.159% | 6.518% |
Monthly Tax Payment | $346 | $346 | $346 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,209 | $2,207 | $2,847 |
Total Monthly Payment | $2,630 | $2,628 | $3,268 |
* 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.