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One or more photo(s) has been virtually staged. Located in the sought after community of Magnolia Pointe which offers access to John's Lake with private boat ramp, fishing pier, picnic area and beautiful lakefront gazebo. With over 2, 500 acres, John's Lake is known for its superior clarity, bass fishing, boating, water sports and is a true gem in Central Florida. Magnolia Pointe subdivision offers a secure 24 hour manned guard gated community in the midst of the rolling hills of Clermont with community swimming pool, lighted tennis courts, clubhouse and multiple playgrounds for your enjoyment. This amazing custom home built by J&J Homes sits in a private cul de sac under the shade of mature oak trees. This two story home features 3 oversized bedrooms, each with large walk in closet, 2 full baths and 1 half bath, separate dining room, upgraded kitchen with brand new modern cabinets including crown molding, quartz countertops including bar and full quartz backsplash, stainless steel appliance to include built in wall oven and microwave, dishwasher, refrigerator, hood, brand new cooktop and under cabinet lighting. The large first floor master suite has walk in closet and features an elegant master bath including separate jetted tub, large walk in shower and his/hers vanities. Both upstairs bedrooms are large and have walk in closets. Home features new luxury vinyl plank flooring and beautiful wood stair treds. Freshly painted inside and out so you can move right in. New Roof installed 2023-New dual zone A/C installed 2021- New hot water heater installed 2019. Located close to the turnpike for quick commute.
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Our Executive Mortgage Banker:
Our Insurance Division:
$499,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $399,200 | $399,200 | $399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.625% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.987% | 6.802% | 6.100% |
Monthly Tax Payment | $342 | $342 | $342 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,490 | $2,556 | $3,342 |
Total Monthly Payment | $2,907 | $2,973 | $3,759 |
* 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.