Under contract-accepting backup offers. Quality and pride of ownership. Those are the words which will come to mind the moment you enter this former model home behind the gates of The Preserve at Heron Lake. With a full renovation completed in 2024 this bespoke Arthur Rutenberg home provides you all of the mechanical and technical peace of mind as new construction without the sacrifice of zero-lot-line living. A few of the major renovation highlights you may not notice include a new barrel tile roof, two new HVAC systems, new water heater, new whole-house water filtration system, water lines installed to your garage for additional refrigerator / ice maker as well as the installation of a new EV car charging station. Beyond these incredible improvements executed by the current owners, they continued the upgrades inside to include a complete renovation anchored by the stunning and functional family kitchen, all new show stopping ZLINE appliances, commonly compared to Viking and Wolf, new ceramic tile flooring, electric blinds, feature walls, additional fireplace, dedicated water line to your wine & coffee bar, all new plumbing fixtures, electric blinds, a weatherproof outdoor flat screen television, salt water pool conversion and topped off with a new outdoor kitchen affixed with a new Memphis Woodfire clean burning grill and smoker. We welcome you to experience this quality and pride of ownership for yourself, in person, here at 7570 Preservation Drive.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,800,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,440,000 | $1,440,000 | $1,440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $927 | $927 | $927 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,220 | $9,220 | $12,643 |
Total Monthly Payment | $10,272 | $10,272 | $13,695 |
* 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.