This listing is strictly for marketing purposes only. It offers and displays a vision for the Homesite. The price includes the lot price and a proposed home that AR Homes by Marcus Allen Homes CAN build on the lot. However, the buyer has the opportunity to customize a different home to fit their needs. The Solera model boasts 4310 sq. ft with 4 bedrooms, 4 1/2 baths, a generous great room, large bonus room and a 3 car courtyard entry garage. A two-story foyer and sun drenched main living activate a mental reset, offering space for family and friends to come together. Gourmet kitchen with a ''hidden'' cabinet-concealed walk-in pantry and large island with seating. High end accents like a vaulted ceiling, walls of sliding glass, and wet bars in the first floor bonus room and second floor loft elevate the luxury experience. First floor owner's suite provides instant tranquility on its own wing of the home. Elevated outdoor living to include a spacious covered lanai, cabana and second floor balcony. This price does not include site costs, outdoor kitchen package or pool. A decorated model is located in Madeira at St Augustine, 544 Pantano Dr. St Augustine, FL 32095 to visualize the custom finishes in person!. No sign on the lot. See lot listing MLS#2018443
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,733,600 | $1,733,600 | $1,733,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,244 | $11,100 | $15,221 |
Total Monthly Payment | $11,369 | $11,225 | $15,346 |
* 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.