Welcome to your new construction dream home in the River Oaks community in Alva. This single family home boasts luxurious upgrades that will make you fall in love at first sight. The impact windows not only provide security and peace of mind, but also allow natural light to flood the spacious rooms. The upgraded cabinets in the kitchen has ample storage space and a modern aesthetic that will impress even the most discerning buyer. The enclosed glass shower door (to be installed prior to closing) in the master bathroom adds a touch of elegance and sophistication to your daily routine along with dual sinks. Recessed lighting throughout the home creates a warm and inviting atmosphere, perfect for entertaining guests or relaxing with your loved ones. The marble countertop exude luxury and style, while the paver driveway and lanai add curb appeal and outdoor living space for enjoying the beautiful Florida weather. The backyard is lined with fast growing clusia plants for future privacy and adding an elegant touch to the landscape of this home. This home features is a 30 amp generator outlet for future power outages, 200 amp underground electric service and 125 amp rate electric sub panel for a future pool. Don't miss out on the opportunity to make this stunning home yours and experience the ultimate in comfort and convenience in the heart of Alva's River Oaks community featuring NO HOA'S
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Our Executive Mortgage Banker:
Our Insurance Division:
$450,000
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 | $360,000 | $360,000 | $360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $19 | $19 | $19 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,395 | $2,393 | $3,036 |
Total Monthly Payment | $2,489 | $2,487 | $3,130 |
* 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.