This home is located in THE FOREST, Lake Mary's 55+ gated community that is situated at the intersection of Lake Mary Blvd. and Rinehart Road. It is on a quiet cul-de-sac on the west side of The Forest where is very little traffic on this street; only the residents come and go. The home is decorated in Florida colors that reminds one of the beaches, which is only 30 minutes away. With 2 bedrooms and 2 baths, this place gives privacy for guests who might be staying while vacationing or for family visits. In the main bedroom, there is a walk-in closet, a full access to the Florida Room. The Florida Room can also be accessed through the living room. There is a formal dining room and also a pass-through which can double as an eat-in area from the kitchen or living room. The home was freshly painted on the exterior in 2019. Also, the air conditioner was replaced in 2021. There is a ramp into the home in the screened porch area. The storage shed on the carport has laundry facilities. This home sits on a double lot which gives more of a private feeling. This community is a peaceful oasis from the hectic world. Once you enter the gate, you have entered a quiet sanctuary. There are many community amenities which include two swimming pools (one is heated year-round), a large hot tub for evenings with friends, tennis courts and pickle ball court, shuffleboard courts and two clubhouses. There is entertainment at numerous times each year. There is a library, laundry area, pool room and you can rent the clubhouse for private gatherings. Cable, internet and trash pick-up included in the HOA monthly fee. It is a great place to live that offers a low-cost lifestyle yet is close to all of life's conveniences. It's all here just waiting for you! It's time to say WELCOME HOME!
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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 | $167,920 | $167,920 | $167,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $19 | $19 | $19 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,117 | $1,103 | $1,416 |
Total Monthly Payment | $1,211 | $1,197 | $1,510 |
* 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.