Looking for an affordable retirement home in Florida? Then, PUT THIS ONE ON YOUR MUST SEE LIST! This well-maintained, one-owner home in the wonderful active retirement community of Cherrywood Estates offers a fantastic opportunity for comfortable and convenient living. Cherrywood Estates features many great amenities, including a pool, clubhouse, fitness center, and more. The home is just a short walk or golf cart ride from all the community's amenities. New roof installed in 2021 and a new water heater in 2023. Split 2-bedroom floor plan, each with ensuite bathrooms and walk-in closets. All appliances included, even the washer and dryer. French doors leading to a Florida room for all-season use. Large 2 car garage with new vinyl plank flooring, laundry sink, ceiling fans and many storage options. Lovely landscaped yard with irrigation, a must-have in Florida. Extra inside 6x8 bonus room for storage, hobby room, office, etc. Beautiful custom front door. Custom draperies and window treatments. Seller is providing the new owner with a home warranty with acceptable contract. Conveniently located close to SR 200, shopping, dining, medical facilities, and I-75, this home won't last long at this price. Don't miss out on this great opportunity!
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Our Executive Mortgage Banker:
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$220,000
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
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $176,000 | $176,000 | $176,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $72 | $72 | $72 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,171 | $1,170 | $1,484 |
Total Monthly Payment | $1,318 | $1,317 | $1,631 |
* 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.