Discover modern living in the newly constructed home in Promenade Estates in Palmer Ranch, completed in 2023 (This property has never been lived in before). This pristine property features a serene pond view with a pond fountain, perfect for tranquil evenings at home. With 5 bedrooms (one at ground floor and four on second floor) and 3 full bathrooms (one at ground floor and two at second floor), there is ample space for comfort. The master suite enhances your privacy with two walk-in closets and is conveniently connected to the primary bathroom. The home includes a two-car garage and boasts an array of brand new stainless steel kitchen appliances set in an open-concept design.
Residents of Promenade Estates enjoy a wealth of community amenities including a swimming pool, playground, dog park, basketball court, beach volleyball court, and water splash pad with water slides. The neighborhood is located in an A-rated school district, also just approximately 8 minutes from the nationally-ranked Pine View School (Gifted School), a 7-minute bike ride from the Sarasota Legacy Trail, and a mere 17 minutes from the famous Siesta Key Beach. Essentials like groceries and banks are 5 minutes away, with a variety of restaurants within a 10-minute drive. Schedule your personal tour today and envision your future in this beautiful home in Promenade Estates - Palmer Ranch community.
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Our Executive Mortgage Banker:
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$698,000
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 | $558,400 | $558,400 | $558,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 8.011% | 7.171% | 6.538% |
Monthly Tax Payment | $119 | $119 | $119 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,857 | $3,711 | $4,788 |
Total Monthly Payment | $4,068 | $3,922 | $4,999 |
* 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.