Under contract-accepting backup offers. Exclusive Magnolia Farms is a gated community with only 11 homes. The elegant wooded entrance embraces you with natural Grand Oak trees, which are throughout the property. It is tucked away in Northwest Hillsborough with easy Tampa access. This is an Adobe, custom-built home with architectural features and high-end finishes throughout the home. The year built is 2018. 5 bedrooms, 3 1/2 bathrooms, 3 car oversized garage, and expansive driveway to accommodate additional vehicles and guests. The paved front walkway leads to the double-front-entry doors which open into an elegant entry hall with wood ceilings and art niches leading you into the ample Living/Dining Room. It's easy to miss all the beautiful architectural features, such as the wood-beamed ceiling, a gas fireplace built in niches, etc. , as the French doors lead your eye out across the pool/spa to the private wooded backyard. The front guest bedroom with double doors, would be perfect for a dedicated office or den. The main bedroom ensuite has double walk-in closets, a custom closet system, French doors, and a tray ceiling. The main bath features double sinks, a separate W/C, a free-standing tub, and a frameless glass shower enclosure with a rain shower. The chef's kitchen has an oversized island with a sink and granite countertops. There is a 6-burner gas cooktop, a pot-filler, a decorative vented hood, a built-in convection oven, and a microwave. There is an additional porcelain farmer's sink. There is a spacious walk-in pantry that has custom built closet system, a second full refrigerator and a window, which keeps it light and bright. The expansive custom-built breakfast nook with a built-in banquette is surrounded by a large picture window that floods the kitchen and family room with light. French doors lining the family room and living room seamlessly pull in the large covered lanai, for a sense of indoor-outdoor living. The Custom pool and spa is the centerpiece of the outdoor living space. There is an outdoor kitchen with a gas grill that runs off the propane tank. There is a mosquito-misting system, for year-round enjoyment of the outdoor space. Beautiful outdoor lighting, lushly landscaping, and a bose speaker system, all make this outdoor space a great place for entertaining and enjoying family time. Heos system on side wall in kitchen. Turn any stereo system into a wireless zone. Play your favourite music from a range of streaming services as well as your smartphone, tablet, USB drives or other external device. Control your Denon receiver, integrated amplifier or mini system right from the HEOS app. PLEASE READ DESCRIPTIONS UNDER PHOTOS. PLEASE SEE FLOOR PLAN FOR ADDITIONAL INFORMATION.
Magnolia Farms is in an A-grade school district. https: //www. hillsboroughschools. org/ Magnolia Farms is 25 minutes from Tampa International Airport, five minutes from the Suncoast Trail, and 20 minutes to the Tampa Premium Outlets.
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NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,677,600 | $1,677,600 | $1,677,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.371% | 6.348% | 6.182% |
Monthly Tax Payment | $1,197 | $1,197 | $1,197 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $10,193 | $10,329 | $14,157 |
Total Monthly Payment | $11,515 | $11,651 | $15,479 |
* 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.