Welcome to this beautiful lake front Craftsman Florida home. The first thing you'll notice is the curb appeal from upgraded coach lighting, the concrete flower bed edging and the well-manicured landscaping. There is also a covered front porch with stacked stone pillars begging for two rocking chairs and a friendly conversation. The home was freshly painted in 2022 and has upgraded 6-inch gutters, and a new Carrier Air Conditioning unit in 2023 (with warranty). Upon entering the front door, you immediately feel at home. The sightline carries your view from the front door all the way through the rear window and out to the gorgeous lake view. Wood look tile flooring flows through the entire main area of your new home and into the 15'x19' great room with updated window treatments. The open kitchen space is nicely equipped with 42" upper wood cabinets, granite stone counters, new stainless-steel appliance, and a spacious kitchen island breakfast bar. Off to one side is a dining area with plenty of space for family dining and /or game night get togethers. There are new sliding glass doors that lead to a well laid out screened and covered patio area. Here you'll find a well-manicured fenced rear yard with mature palm tree, landscaping and an expansive view of the lake. The home faces east so afternoon and evenings are nicely shaded & cool for evening cookouts, family get togethers or just reading a book. There's even an un-used gas bib ready for an outdoor kitchen addition and/or just running a gas line to the dedicated firepit location. Back inside you have 4 bedrooms as well as two full baths. The master suite has new carpeting and elegant 2-way upper & lower controlled window treatments. The master bath has stone vanity counters, a new frameless glass shower enclosure and a generous walk-in closet. There are three additional bedrooms all with nice size closet spaces. Need only two or three bedrooms and an office or gym - done. An oversized two car garage has high ceilings and a ceiling storage rack that stays. You'll also find and energy efficient on demand Tankless Gas Water Heater freeing up garage floor space. There is also a well thought out recessed 2-foot garage extension which is pre-plumbed for a future sink and work or garden station. I could go on and on about this home. But let's not forget this highly sought after Arbor Reserve community of only 95 homes, very low monthly HOA fees, and located high and dry in a no flood zone area. There is a tropical community pool and playground area only steps from this beautiful property. Arbor Reserve is an active lake front community with spacious lots, beautiful craftsman architecture and is conveniently located only minutes from the UTC shopping and restaurant district. You're a short drive from world renowned beaches like Siesta Key or Anna Marie Island and the culturally rich downtown areas of Bradenton and Sarasota Florida. Location, location, location. Don't miss out on this rare opportunity!!
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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 | $396,000 | $396,000 | $396,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.243% | 7.282% | 6.518% |
Monthly Tax Payment | $330 | $330 | $330 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,635 | $2,668 | $3,395 |
Total Monthly Payment | $3,040 | $3,073 | $3,800 |
* 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.