Brand new, energy-efficient home available NOW! Enjoy a peaceful pond view from the backyard of this brand new home. There are many amazing upgraded features inside and out! From the impact-resistant glass windows and front door to the 6x36 wood look floor tile that flows throughout the entire home. The Classic White design collection finishes have soft timeless neutrals such as Harbor cabinetry, Carrara Roma quartz countertops in the kitchen and primary bath, a 3x12 textured white subway tile kitchen backsplash, and a beautiful 12x24 Carrara Matte primary bath floor and shower wall tile. Black hardware and faucets throughout provide a nice contrasting element to the design. The exterior elevation features stone accents, a paver driveway, and beautiful landscaping for added curb appeal. Convenient to I-75, this community offers easy access to plentiful shops and restaurants in downtown Sarasota and Venice. Residents will enjoy fabulous amenities that include a clubhouse, resort-style pools, fitness center, sports courts and more. Explore Magnolia Bay and see the benefits of a new home today. Each of our homes is built with innovative, energy-efficient features designed to help you enjoy more savings, better health, real comfort and peace of mind.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$501,025
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 | $400,820 | $400,820 | $400,820 |
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 | 7.404% | 7.133% | 6.236% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,667 | $2,664 | $3,380 |
Total Monthly Payment | $2,759 | $2,756 | $3,472 |
* 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.