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Located in the beautiful gated community of The Estates of Auburndale is 116 Magneta Loop! This home offers 4 bedrooms plus a den, 3 bathrooms, and a rear screened lanai. Upon entering the home, you will find a formal dining area to the right and living room to the left that has a cozy and welcoming built-in electric fireplace! The foyer is nice and open and leads you to the family room and spacious kitchen. There is an oversized breakfast bar and plenty of space for a breakfast nook table/coffee bar as well! There is no shortage of cabinet storage and there is a walk-in pantry and butlers serving station between the kitchen and formal dining room. Just past the kitchen, you can access the den, laundry room, and 3 car garage! The primary suite is complete with a tray ceiling, large walk-in closet, garden tub, shower, and dual sinks. On the other side of the home you will find a guest bedroom and bathroom off of the hallway including a door that leads to the back lanai. The other 2 bedrooms share a jack and jill bathroom with dual sinks! The extra character this home has, just to name a few, are the arched door ways, wide hallways, accent wall in the dining room, and water view from the rear lanai! And just in time for Summer, the community provides beautiful pools along with a children's playground and sidewalks throughout perfect for walking and biking! Located just minutes from I-4, Auburndale is convenient to Orlando and Tampa but also maintains the small town feel with its historic downtown, park, and restaurants. Schedule your private tour today!
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William Raveis Real Estate
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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 | $432,000 | $432,000 | $432,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.867% | 7.159% | 6.538% |
Monthly Tax Payment | $358 | $358 | $358 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,910 | $2,871 | $3,704 |
Total Monthly Payment | $3,360 | $3,321 | $4,154 |
* 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.