Welcome to Magnolia Farms! Presenting 118 Magnolia Farms Way, a stunning Palladio floorplan that offers luxury and comfort in one of Piedmont’s most sought-after communities. As you enter this beautiful neighborhood of newer homes, you will appreciate the expansive and beautifully manicured lots. This gorgeous 3-bedroom, 3-bath home features a spacious open floorplan perfect for modern living. Step inside to a welcoming foyer that leads to a private home office through elegant French doors. The heart of the home is an amazing kitchen with quartz countertops, an expansive center island with bar seating, stainless steel appliances, and a walk-in pantry, all seamlessly open to the dining area and family room. The bright family room boasts abundant natural light, a stone gas fireplace, and access to the backyard oasis. The main level also includes a generous primary suite with a tray ceiling, a large walk-in closet, and a spa-like bath with a dual sink vanity, walk-in shower with dual showerheads, and a bench. A secondary bedroom and full bath, along with a walk-in laundry room and ample storage spaces, complete this level. Upstairs, you'll find a spacious loft, an additional bedroom and full bath, and even more walk-in attic storage. Outdoor living is a dream here, with a rear covered deck overlooking a 22, 000-gallon heated saltwater pool featuring a tanning ledge and diving board. The pool house with a covered patio and private bath is perfect for entertaining. A charming She Shed with A/C and electricity adds extra versatility, while the large, fenced lot provides privacy and space for outdoor activities. Located within walking distance of the highly accolated Wren School District. Magnolia Farms is one of Piedmont’s most coveted communities with tons of protected green space and a close-knit community of only 36 homes that is very well maintained! Don’t miss your chance to own this extraordinary property!
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Our family of companies offer our clients a new level of full-service real estate. We shall:
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Our Executive Mortgage Banker:
Our Insurance Division:
$630,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $504,000 | $504,000 | $504,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $195 | $195 | $195 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,353 | $3,350 | $4,321 |
Total Monthly Payment | $3,640 | $3,637 | $4,608 |
* 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.