ASSUMBABLE LOAN AT 3. 22%! WOW…AMAZING opportunity estimated at a $200, 000 value!!! This is your rare opportunity to go back in time to early 2022 interest rates. You not only have an opportunity to obtain a fantastic interest rate, but you get one of the most popular model homes, the Summerville, on one of the most PRIVATE lots in Lakewood Ranch’s sought after Lorraine Lakes. Desirably located at the end of a cul-de-sac with only one house adjacent and nothing but preserve and water views behind, this property is a true gem to anyone who appreciates privacy. The awesome custom pool and spa with oversized cage makes this a Florida dream home. Inside you will find an open concept floor plan featuring a natural grey pallet paint throughout and custom lighting. Lorraine Lakes was designed to provide its residents with a true resort and vacation experience. The low HOA includes your lawn and landscape maintenance so you can enjoy life and the extensive amenities this community provides. You will be amazed by the 25, 000 square foot clubhouse with a coffee lounge, restaurant and bar, aerobic center, basketball court, arcade, and fitness center with a child’s play area. Outside you will find two pools, a splash pad, a pool side bar, tennis and pickleball courts, a putting green, volleyball, bocce ball and a playground. Don’t miss the opportunity to own this home located in the heart of Lakewood Ranch conveniently located to shopping, restaurants, A-rated schools, championship golf courses and a short drive to the famous beaches of the gulf coast.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,050,000
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 | $840,000 | $840,000 | $840,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.296% | 6.622% | 6.680% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,448 | $5,309 | $7,317 |
Total Monthly Payment | $5,573 | $5,434 | $7,442 |
* 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.