One or more photo(s) has been virtually staged. Experience luxury living in this stunning 2024 Summerville home! Spanning over 2, 400 square feet, this contemporary masterpiece combines elegance with functionality, offering spacious open concept living areas with access to a lanai for outdoor entertaining. The designer kitchen highlights quartz countertops, modern cabinetry, recessed lighting, a smooth stainless-steel cooktop, a microwave, and a side-by-side stainless-steel refrigerator. Whether you are entertaining in the gourmet kitchen or relaxing in the expansive living room, every detail of this home has been thoughtfully designed to meet the needs of today’s Florida lifestyle. The spacious owner's suite is a retreat, offering a generously sized bedroom with two large walk-in closets, an ensuite bathroom with dual vanities, quartz countertops, and an oversized walk-in shower. Two additional bedrooms share a well-appointed bathroom, while a third bedroom ensuite provides flexibility as an office, den, or guest suite. Further benefits include SMART home capabilities, washer and dryer, rain gutters, and more. Homeowner's fees include lawn maintenance assistance, cable and high-speed internet, access to the Lorraine Lakes clubhouse, resort pool, lap pool, splash pad, restaurant, coffee lobby, social room, indoor and outdoor Tiki bar, fitness center, saunas, tennis, pickleball, basketball, volleyball, walking paths, and picturesque lakes throughout. Lorraine Lakes is conveniently located close to the University Town Center Mall, Nathan Benderson Park, Sarasota, Bradenton, St-Pete, Tampa, and our world-renowned beaches. The home is vacant, and the seller is highly motivated. You won’t want to miss the chance to own this incredible home and start living the Lorraine Lakes Lifestyle! Schedule your private showing today!
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William Raveis Real Estate
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $547,200 | $547,200 | $547,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $182 | $182 | $182 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,779 | $3,687 | $4,655 |
Total Monthly Payment | $4,053 | $3,961 | $4,929 |
* 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.