This expansive & spacious 5 bedroom, 3. 5 bath home with several bonus spaces is well located within the RioMar community and offers many attractive features, including a newly resurfaced pool & and soaring 14’ ceilings. If you are an investor looking for a FIXER UPPER or a buyer searching for a spacious home to put your finishing touches on, look no further! Opportunities abound to add tons of value to this "blank canvas" as the major systems have all been updated, including a newer roof (2022) and 2 new HVAC systems (2024), and exterior paint. This home is abound with natural light and creates a welcoming feeling with its’ well laid out floorplan, perfect for entertaining. Two large slider doors off the living area, open up the home to the inviting outdoor patio with large screen enclosure over a generously sized pool. The home is sure to please those looking to live in a beautiful, well maintained, deed restricted neighborhood, but with low HOA fees. Located in a prime location, it’s only minutes away from the plethora of shopping & dining options along the University Town Center corridor. This location also offers easy, quick access to the Lakewood Ranch community. The home boasts easy to keep clean tile flooring throughout main living areas with carpet in the bedrooms. Other bonus features are a papered pool patio and driveway and an oversized 3 car garage. The master bedroom suite, located on first floor level, is spacious and features a large primary bathroom. The HOA fee covers neighborhood security monitoring, Internet connection, cable TV with 200 digital channels, Exterior sprinkler/lawn irrigation and upkeep of the community pool and its bathhouse.
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Our Executive Mortgage Banker:
Our Insurance Division:
$630,000
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 | $504,000 | $504,000 | $504,000 |
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 | $708 | $708 | $708 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,353 | $3,311 | $4,250 |
Total Monthly Payment | $4,153 | $4,111 | $5,050 |
* 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.