12465 Basalt LN, Alva, FL, 33920 | $608,420

Special financing available - STUNNING NEW BUILD HOME WITH A POOL ON A LAKE in TerraWalk at Babcock Ranch AVAILABLE FOR MOVE IN NOW. This Prestige includes 2 bedrooms plus a den, 2. 5 baths, an open floor plan, large owner's bath and impressive walk-in closet. This home also is being built with a screened in pool ON THE LAKE. TerraWalk at Babcock Ranch is a resort-style community of new construction homes located in Babcock Ranch, Florida. Residents will enjoy expansive green space, an 8+ acre lakeside amenity campus, and utility-scale solar generation. At the end of the day return to a new construction home with spacious interiors and designer finishes.

Features

  • Amenities: Basketball, BBQ - Picnic, Bike Storage, Billiards, Bocce Court, Business Center, Cabana, Clubhouse, Park, Pool, Community Room, Community Spa/Hot tub, Dog Park, Fitness Center, Fishing, Fitness Center Attended, Internet Access, Lakefront Beach, Pickleball, Playground, Restaurant, Sidewalks, Street Lights, Tennis Court(s), Gated, Tennis
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Lot Size: 50 x 50 x 140 x 140
  • Laundry: Inside
  • Year Built: 2024
  • Garage: 2-car 2+ Spaces, Driveway Paved, Electric Vehicle Charging, Garage Door Opener, Attached
  • Heating: Central Electric
  • Cooling: Gas
  • Basement: Gas
  • Approx Sq. Feet: 2,867
  • Acreage: 0.1
  • Lot Size: 50 x 50 x 140 x 140
  • Est. Taxes: $6,699
  • HOA Fee: $341 Monthly
  • Lot Desc: Regular
  • View: Lake, Water
  • Water Front: Yes
  • Elem. School: BABCOCK NEIGHBORHOOD SCHOOL
  • Middle School: BABCOCK MIDDLE/HIGH SCHOOL
  • High School: BABCOCK MIDDLE/HIGH SCHOOL
  • Pool: In Ground, Screen Enclosure
  • Pets Allowed: Yes
  • Pet Policy: No Approval Needed
  • Appliances: Gas Cooktop, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator/Freezer, Refrigerator/Icemaker, Self Cleaning Oven, Washer
  • MLS#: 224010337
  • Days on Market: 299 days
  • Website: https://www.raveis.com
    /prop/224010337/12465basaltln_alva_fl?source=qrflyer
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

12465 Basalt LN, Alva, FL, 33920

$608,420

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $486,736 $486,736 $486,736
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 $558 $558 $558
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,238 $3,198 $4,105
Total Monthly Payment $3,888 $3,848 $4,755

* 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.