Under Construction. The Palmetto is a thoughtfully designed single-story home featuring a convenient three-car garage. As you enter through the foyer, you are greeted by a bedroom and bathroom, perfect for guests or family members seeking privacy. A versatile den offers a flexible space for a home office or hobby room. The foyer then opens up to the expansive main living area, seamlessly connected to a covered lanai, ideal for indoor-outdoor living. The kitchen and dining area form the heart of the home, offering a welcoming space for gatherings, featuring modern amenities and plenty of counter space. The owner's suite is a tranquil retreat featuring a spacious bedroom, a luxurious bathroom, and a large walk-in closet. The conveniently located laundry room near the master suite adds to the home's practicality and ease of living.
Experience the charm of country living with all the conveniences of the city at Cherrywood Preserve, a 55+ gated community. This golf cart friendly community in Ocala, FL offers boldly unboring new homes right next to the Market at Cherrywood: a short ride from groceries, restaurants, shopping, and Interstate 75. Homeowners have access to a variety of amenities including a lap and lounge pool, jacuzzi, fitness center, billiards room, horseshoes, shuffleboard, bocce, basketball and pickleball courts. Stay connected with neighbors through a lively social calendar and enjoy year-round gatherings in beautiful indoor and outdoor spaces.
Images shown are for illustrative purposes only and may differ from actual home.
Completion date subject to change.
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Our Executive Mortgage Banker:
Our Insurance Division:
$372,490
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 | $297,992 | $297,992 | $297,992 |
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 | $43 | $43 | $43 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,058 | $2,008 | $2,535 |
Total Monthly Payment | $2,176 | $2,126 | $2,653 |
* 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.