New Construction and located in East Bradenton, Watercolor Place is a gated community situated just outside Lakewood Ranch with NO CDD fees! This gorgeous new construction villa home is the Captiva floor plan by Medallion Home and features 2 bedrooms, 2 bathrooms, Den and 2 car garage. The open concept layout is perfect for entertaining guests with the designer-inspired Gourmet Kitchen that includes a natural gas cooktop, built-in convection oven/microwave combo and a breakfast bar that overlooks the dining room and great room. Tray ceilings are included in the great room and main bedroom, where you'll also find 2 walk-in closets and an en-suite bath with separate sinks and a walk-in shower. Enjoy peace of mind with your impact-resistant windows and doors. By living in this maintenance included community you will be able to enjoy all that Bradenton/Lakewood Ranch/Sarasota has to offer with close proximity to shopping, restaurants, performing arts, golf courses, and the beautiful gulf coast beaches. This is a new construction home that comes with a 1, 2, 10 year warranty.
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Our Executive Mortgage Banker:
Our Insurance Division:
$447,990
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 | $358,392 | $358,392 | $358,392 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $113 | $113 | $113 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,384 | $2,354 | $3,022 |
Total Monthly Payment | $2,572 | $2,542 | $3,210 |
* 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.