Discover the essence of peaceful, quality living at Palm Cay, a vibrant 55+ community nestled in the heart of Ocala. Situated just minutes from I-75 and Hwy. 200, offering convenience alongside a myriad of dining, shopping, medical facilities, and more. The property features; 2 Bed/2 Bath; nearly 1, 200 Sq. ft. , inside laundry, and screened lanai. The vaulted ceilings add an element of spaciousness and elegance, creating a welcoming and airy atmosphere in your home. Privacy and comfort are assured with a split bedroom plan that separates the master suite from the secondary bedroom. Embrace easy maintenance and a contemporary look with ceramic tile and laminate flooring that extends throughout the entire home. The upgraded kitchen offers new cabinetry and top of the line stainless steel appliances. Pamper yourself in the recently remodeled bathroom, boasting a captivating tiled shower. Stroll thru your personal Eden as the backyard unfolds into a lush oasis wrapped in a variety of native plants, flowers and fruit bearing trees including; lemon, grapefruit, orange, and apple providing not just shade and beauty but a bountiful harvest. Experience an abundance of fun-filled community amenities including a large clubhouse featuring; a library, billiards, card room, arts and crafts room, and a catering kitchen. An outdoor pool beckons to enjoy the Florida sunshine, while tennis, bocce ball, and shuffleboard facilities call out for friendly competitions. The low HOA fee provides a plethora of conveniences, including 24-hour gate guard security, trash pickup, and common area maintenance. Scenic landscapes with walking and biking trails provides peace and serenity. For out of town visitors, RV parking is available. Re-Roof 2007 and HVAC 2015. Take this opportunity to experience the peaceful charm and the vibrant community lifestyle that Palm Cay has to offer. Whether you're seeking relaxation or an active social life, this property has it all.
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Our Executive Mortgage Banker:
Our Insurance Division:
$200,000
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 | $160,000 | $160,000 | $160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.308% | 6.644% |
Monthly Tax Payment | $240 | $240 | $240 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,105 | $1,078 | $1,383 |
Total Monthly Payment | $1,420 | $1,393 | $1,698 |
* 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.