Nestled in the exclusive gated community of Arbor Reserve, this waterfront residence boasts a VERY RARE 3 car garage, NO FLOOD INSURANCE REQUIRED, No CDD fees, 4/3+ OFFICE/FLEX Room & Upstairs BONUS Area, Heated Pool Home. You will never want to leave this community. Vacation where you live at the community amenities, which are a short stroll away. Pavillon with BBQ grill, sparkling pool, playground and basketball court. This expansive four-bedroom, three bath charmer has a main floor bedroom and full bathroom for convenience and is located in the heart of it all. A covered front porch greets you just waiting for that hot cup of morning coffee. You're immediately refreshed by the beautiful coastal interior paint with a bright and airy finish. A private office with french doors could easily be a playroom, nursery, flex option or bonus sleeping area for guests. Serene water views can be experienced from the moment you enter this beauty. Very open living area allows for entertaining galore. Updated chef's kitchen is complete with granite countertops, stainless steel appliances and pantry. The kitchen island is the perfect spot for guests to gather. Tankless gas water heater, oversized laundry area, ample closet space and hurricane shutters are just a few unique features of this home. Upstairs is complete with an Owner's Suite designed for royalty, spacious primary closet, two additional spacious bedrooms and a third oversized bathroom with dual sinks. Don't forget the huge bonus area just ready for an array of possibilities. Your outdoor oasis is adorned with a heated salt water pool with a luxurious waterfall. Pet and kid friendly!! Check out the oversized completely fenced backyard with immaculate landscaping which will be the "green envy" of your neighbors. This extra yard space is a TRUE RARITY. This community is completely fenced with privacy vinyl fencing and gated for that extra secure feeling. The lush preserve area means no backyard neighbors with the exception of sandhill cranes, bald eagles and a few sun gazing turtles. Easy access to Sarasota, Lakewood Ranch and Bradenton. Very close to I75, UTC shopping center and SRQ Airport. Gated Community, No Flood Zone, LOW HOA, No CDD fees and lush amenities make this community so desirable. Don't delay on viewing this one, this exceptional property offers an unparalleled FLORIDA LIFESTYLE.
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$699,000
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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 | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $743 | $743 | $743 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,767 | $3,717 | $4,716 |
Total Monthly Payment | $4,602 | $4,552 | $5,551 |
* 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.