Pre-Construction. To be built. One or more photo(s) has been virtually staged. Approved design and can break ground as quickly as 3 weeks from now. Custom built Florida Coastal Vernacular style home by Terrell Construction. Situated on a 1. 5 acre lot in the gated community of Blue Spring Reserve. As you walk on the expansive front porch with cedar tongue and groove ceilings; you will notice the beautiful, custom mahogany front door. The foyer of the home has a 13 ft tray ceiling with tongue and groove . Off of the foyer is a 13x12 office/den that can also be used as a 5th bedroom and the formal dining room. 12 ft ceilings throughout the open Kitchen and Great Room. The large living area also features a tray ceiling and a LP gas fireplace with stone accents and custom shelving. A reclaimed wood beam separates the kitchen from the living room nicely while still having the open floor plan. The kitchen features 42in solid wood white shaker cabinets with 15 in stacks and crown molding, expansive island with farmhouse sink, quartz countertops, stainless steel appliances and a custom hood vent. The kitchen sink is located looking out to the back yard and Preserve area. The home has a split floor plan with the Owners Suite located off of the kitchen and next to the laundry room, with access through the owners closet. The owners suite features a tray ceiling, custom cali closet, a walk-in shower and standalone tub. The three additional bedrooms are located on the opposite side of the home. These bedrooms are all oversized with one being larger and a en-suite. Covered rear porch with cedar tongue and groove that features an outdoor kitchen with a grill, refrigerator, and sink. Other features to note: Metal roof, 5 in plank white oak floors through-out with ceramic tile in bathrooms, 8 ft doors, oversized 3-car garage with 12 ft ceilings and epoxy floor, and wired/set up for a pool. This home is located in lake county between Clermont and Howey in the Hills. The convenient location is only 1 mile from turnpike, exit #285 on SR19N. Easy access to the turnpike allows for a 35 min drive to downtown Orlando. Blue Spring Reserve is a 24 hour gated community, with a one of a kind sanctuary of 300 acres of Preserves. Protected Sandhill crane nesting grounds. Groveland city water & septic. Terrell Construction is an approved builder within the community and has built several homes within. Visit www. terrellconstruction. com. This is an amazing opportunity to purchase a new construction, custom home, without having to purchase land first.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $920,000 | $920,000 | $920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.876% | 6.850% |
Monthly Tax Payment | $113 | $113 | $113 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,967 | $5,967 | $8,078 |
Total Monthly Payment | $6,204 | $6,204 | $8,315 |
* 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.