Discover the charm of Florida living in this rarely available villa within the coveted Rainbow Springs Country Club Estates. This home features a split floor plan with a versatile third bedroom that can serve as a bonus room or office area. There is beautiful 12x24 tile that was installed two years ago that compliments the smaller carpeted areas throughout. The home features a living room/ dining area with vaulted ceiling and is blended perfectly for holidays and entertaining. The lanai area has been enclosed with large windows so you can take in the beautiful sweeping views of the old fairways of the one time golf course. The residents now enjoy that area as greenspace for walking and observing all the wildlife the area has to offer. That enclosed lanai is also under air and is perfect for a small breakfast table and includes a built in desk. The kitchen is designed for convenience with pull-out drawers for easy access and plenty of storage. The home also features an interior laundry, a 20 X 20 two car garage with sliding screen doors on the front of the garage and workspace. There is a great courtyard space off of the lanai area and even a fenced off utility courtyard area that includes an outdoor shower. The villa is connected to the neighbor on one side by a vertical connected wall, not a common wall. Both villas are completely private with a separate wall between them. The home has a newer roof installed in 2021. The Villa Association fee is currently $120. 00 per month and covers your lawn mowing, shrub trimming and mulching, so you are free with no worries of yard work. Additionally, Rainbow Springs residents enjoy a community center with a restaurant, community swimming pool, bocce ball, pickle ball, tennis, basketball, horseshoe pits, disc golf, driving range and access to the private, residence only, river park on the Rainbow River. This beautiful park has 2 large pavilions, bbq grills, picnic tables, two bathrooms, outdoor shower, private swimming area and kayak/canoe launch. This ideal location places you at the doorstep of small town living at its finest in addition to being close to Ocala and Gainesville for doctors, hospitals, restaurants and shopping. Don't miss this rare opportunity, book your appointment today.
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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 | $252,000 | $252,000 | $252,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $113 | $113 | $113 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,677 | $1,655 | $2,125 |
Total Monthly Payment | $1,864 | $1,842 | $2,312 |
* 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.