408 40th COURT W, Palmetto, FL, 34221 | $280,000

One or more photo(s) has been virtually staged. Welcome home to the quaint community of Melwood Oaks. This Palmetto hidden gem is a registered single-family townhouse/villas community that is non-age restricted and allows for a variety of finance options. Ideal for first-time home buyers, this delightful 2-bedroom, 2-bathroom townhouse boasts an array of practical and comfortable updated features. Step into a spacious open-floor plan accentuated by vaulted ceilings, giving the living space an airy and expansive feel. Enjoy preparing meals in the modern kitchen, complete with updates and a pleasant view overlooking the great room—perfect for entertaining or quiet nights in. Both bathrooms in the home are thoughtfully updated, minimizing your need for renovations. Low-maintenance vinyl flooring throughout the home means more time to relax and less time spent on upkeep. The enclosed Florida room offers a great spot for morning coffees or evening relaxation with views of the water. On practical notes, the home includes a one-car garage with laundry facilities, adding to the convenience. Enjoy the perks of a community that takes care of your ground maintenance and provides amenities such as a community pool - all while keeping HOA fees low at only $240 per month, which also covers your cable and internet. Located conveniently near I-275 and I-75, your commute to St. Petersburg, Tampa, Bradenton, or Sarasota will be a breeze. Plus, you're just a short drive from our Beautiful Gulf beaches, shopping at Ellenton Outlet Mall, and various dining options. Explore the potential of making this townhouse your new home today, and experience the blend of comfort and convenience firsthand!

Features

  • Amenities: Cable TV, Pool
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: In Garage
  • Year Built: 1990
  • Garage: 1-car Driveway, Garage Door Opener, Guest
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,446
  • Acreage: 0.08
  • Est. Taxes: $2,985
  • HOA Fee: $240 Monthly
  • Lot Desc: In County, Unincorporated
  • View: Water
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Refrigerator, Washer
  • MLS#: A4614400
  • Days on Market: 9 days
  • Website: https://www.raveis.com
    /prop/A4614400/40840thcourtw_palmetto_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 7/2/2024 3:30:14 AM)
Listing courtesy of MATTHEW GUTHRIE AND ASSOCIATES REALTY LLC   Phone: 941-737-1500

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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408 40th COURT W, Palmetto, FL, 34221

$280,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $224,000 $224,000 $224,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 7.125% 6.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.880% 7.295% 6.644%
Monthly Tax Payment $249 $249 $249
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,509 $1,509 $1,936
Total Monthly Payment $1,833 $1,833 $2,260

* 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.