Welcome to Terrace Park at Five Towns, a vibrant 55+ community nestled in the heart of the LEXINGTON building. Step into this inviting corner unit, a charming sanctuary boasting two bedrooms, two full baths, and a captivating view of the tranquil fountain pond where nature's beauty unfolds before your eyes with every sunset. This meticulously maintained residence offers a delightful array of features, including a convenient washer and dryer, a cozy Florida room, and a versatile bonus room currently utilized as a combined office and breakfast nook. The primary and guest bedrooms each boast spacious walk-in closets, while the hallway provides two additional closets for linen and storage needs. The open concept living room and dining area provide ample space for entertainment, complemented by a well-appointed kitchen featuring gas stove, solid wood cabinets, stone countertops, a pantry, and white appliances - including a sleek beverage refrigerator. AC also has APCO air purifie with germicidal UV light and activated carbon cells to help reduce airborne odors, toxic chemical vapors, germs and mold in your home. Immerse yourself in the exceptional amenities available within the community, including six pools, a rejuvenating spa, two fully-equipped gyms, card rooms, an auditorium, billiards, tennis courts, bocce ball, clubhouses, grill areas, and charming gazebos for alfresco gatherings. All this comes at a remarkable value with a low monthly HOA fee of $700, covering all utilities except electric. Experience the vibrant lifestyle of Terrace Park at Five Towns firsthand - a community teeming with activities and opportunities for social connection. Also located near shopping, Dr offices, groceries, restaurants and a 10 minute drive to Madeira Beach. This turnkey unit even includes a designated carport for added convenience, so simply pack your bags, slip into your flip-flops, and embark on the retirement life you've always dreamed of. Don't miss out on this exceptional opportunity to embrace the best years ahead in a setting that truly embodies the essence of relaxation and enjoyment. (ALL MILESTONE AND RESERVE STUDIES AVAILABLE AND COMPLETED, )
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Our Executive Mortgage Banker:
Our Insurance Division:
$240,000
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 | $192,000 | $192,000 | $192,000 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $238 | $238 | $238 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,277 | $1,276 | $1,619 |
Total Monthly Payment | $1,590 | $1,589 | $1,932 |
* 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.