Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Kick off fall in this beautiful CORNER LOT home with a POOL and no back neighbors! Magnolia Ridge is an isolated, small neighborhood on the edge of Ward Lake with access to all the amenities of Mote Ranch. Inside the front door, you’ll find an open floorplan with many upgrades – like plank tile flooring, crown molding, modern fixtures and miles of millwork. The formal dining room & massive living area connected to the timeless kitchen, which features granite countertops, stainless appliances, a pantry and big island with seating for a crowd. You can access the paver pool deck from both the great room & the breakfast nook. The covered lanai provides a fantastic area to entertain, and the screened-in pool includes a Baja shelf & water features. The rest of the backyard has a lush lawn that backs up to a conservation area and a pond. The isolated primary bedroom offers private access to the pool deck and has two walk-in closets. The
spa-like ensuite boasts dual vanities, a soaking tub and a custom-tiled shower with frameless glass. At the front of the floorplan, you’ll find two guest rooms and a hallway bathroom with beautiful tilework. This cleverly-designed 2, 300+ sqft layout even includes a full laundry room (with storage) and a dedicated home office/den.
Magnolia Ridge at Mote Ranch offers residents access to a community pool, tennis courts, recreational facilities, a dock and more. You’ll be just 5 mins from the golf course and all the shopping & dining along SR 70, too. University Town Center is about 10 mins from your front door and you can hop on I-75 in no time at all!
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$699,000
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 | $559,200 | $559,200 | $559,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 5.990% | 4.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.429% | 6.149% | 5.152% |
Monthly Tax Payment | $610 | $610 | $610 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,353 | $3,349 | $4,386 |
Total Monthly Payment | $4,055 | $4,051 | $5,088 |
* 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.