Nestled in the tranquil neighborhood of sought-after Holly Tree, this traditional full brick ranch home offers four bedrooms and two bathrooms. The formal living room is light and airy which leads you to the formal dining room. The kitchen is spacious with granite countertops, abundance of oak cabinetry, center island with pull out drawers for large pots and pans, pendant lighting, breakfast nook and laundry closet with shelving. Handsome wood paneling den with cozy gas log fireplace. This floor plan offers so much flexibility while entertaining family and friends. Enjoy your morning coffee sitting on your patio overlooking your lush landscaped backyard. Workshop located right off of the two car carpet with electricity. Recent updates: 2024 ~ Removed all wallpaper, freshly painted inside with "Repose Gray", painted outside, pressure washed, professional cleaned and landscaped with fresh mulch. Conveniently located close to shopping, restaurants, I-385 and award winning schools. Membership to Holly Tree Country Club features it's well-maintained 18-hole golf course and other amenities is optional and not included in the yearly HOA fee. Come make 513 Lancelot Drive your new home today.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $319,920 | $319,920 | $319,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $68 | $68 | $68 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,944 | $1,944 | $2,528 |
Total Monthly Payment | $2,087 | $2,087 | $2,671 |
* 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.