Welcome to the elegant and classy community of Laterra. Laterra is located inside the highly sought after gated community of The King and Bear. This ground floor 2 bedroom and 2 bathroom condo embraces a lifestyle of ease. The beautiful furnishings and decor, that welcome you the second you enter, are included with the purchase of this unit. The condo is only steps away from the pool, hot tub, the gym and the full service salon and spa. Vinyl flooring runs throughout the condo and the spacious kitchen features granite countertops and stainless appliances that accent the luxury and charm this condo exudes. Also, the perk of being a ground floor unit, allows for easy access to and from the pool plus the oversized poolside patio is the perfect place to sip a sweet tea on a beautiful Florida evening. An added bonus is that this community allows for short term rentals, which makes for an income producing property. The 2nd bedroom features a kitchenette, sink, refrigerator, a coffee bar, and its own hot water tank and HVAC control which gives you the option to utilize this space as an in-law apartment, private suite or a short term rental. Did I mention the spectacular amenities? Laterra amenities are first class with a gorgeous pool and hot tub, a new million dollar fitness center, tennis and pickleball courts, playground, basketball courts, a 24/7 security gate, clubhouse and brand new restaurant, that is quite delicious. Plus, there is a full service spa where you can discover relaxation with their wide variety of services. The WGV community provides miles of walking and jogging trails through the enclave of stunning neighborhoods. Just outside the community's gate are an array of dining, grocery, and shopping options.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$395,000
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 | $316,000 | $316,000 | $316,000 |
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 | $313 | $313 | $313 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,920 | $1,920 | $2,497 |
Total Monthly Payment | $2,308 | $2,308 | $2,885 |
* 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.