Located in highly desirable North Venice, Palencia is one of the area’s newest communities on the corner of Jacaranda Boulevard and Border Road. Design and colors in Palencia were carefully selected and provide a light, neutral, coastal feel. At 2, 221 square feet of living space, the Shelby floorplan offers a spacious primary suite with en-suite bath a sizeable walk-in closet, split floorplan with two guest bedrooms, separate den/office, full guest bath and guest powder room. Entertaining is effortless as the kitchen opens to the spacious great room and dining room overlooking the backyard. Enjoy upgraded standard features throughout including Samsung refrigerator & induction stovetop, quartz countertops in the kitchen and baths, soft-close cabinets complete with slide-out shelving, whole house water filtration system, widened driveway, front entryway screened cage and screened in lanai with private powder room. The tandem 2-car garage affords extra space for storage options. Moving into your new home will be a breeze as all kitchen appliances, laundry appliances, ceiling fans and plantation shutters are included! Experience relaxing evenings from your private lanai and extended backyard patio. Lanai is plumbed for an outdoor kitchen. Best of all, the backyard is large enough to add your own private pool if you desire! The brand-new clubhouse located in the center of the community offers residents a large community pool, fitness center and bocce ball. Additionally, there are walking trails for residents’ enjoyment. This is a maintenance free community with low HOAs and no CDDs! Irrigation and lawn care is part of the HOA fee. Palencia provides convenience for residents being just a short drive to local beaches, the new Sarasota Memorial Hospital, in the A-Rated Sarasota County school district and quick access to I75 for an easy commute. Don't miss the impressive video done for this home:
https: //listings. hi-reshomes. com/videos/01930943-34a2-715b-a094-f1cb8910a669
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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 | $471,200 | $471,200 | $471,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $376 | $376 | $376 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,135 | $3,132 | $3,974 |
Total Monthly Payment | $3,603 | $3,600 | $4,442 |
* 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.