Welcome to the exquisite 8029 Tea Olive Terrace, a remarkable residence that has been meticulously crafted just seven months ago by the highly acclaimed builder, William-Ryan Homes. This stunning property is situated in the tranquil and picturesque community of Palmetto, Florida, conveniently located just minutes away from the major thoroughfare of I-75, providing easy access to an amazing up and coming area. Constructed in 2024, this beautiful home seamlessly combines modern comfort with the inviting charm of coastal living. It features an impressive layout that includes four generously sized bedrooms and three full bathrooms, making it the perfect sanctuary for families of all sizes. One of the standout features of this property is that it occupies the largest lot in the entire subdivision, offering an expansive fenced-in yard that is perfect for both relaxation and recreation. Imagine hosting summer barbecues, playing with pets, or simply enjoying the serene surroundings in your own private outdoor oasis. As you unwind in the evenings, you can take in the breathtaking views of your very own man-made lake, which adds a unique touch to the peaceful ambiance of this special retreat. The coastal-inspired exterior design of the home is sure to impress, showcasing an inviting façade complemented by charming architectural details that enhance its curb appeal. Step inside, and you will be greeted by an open and airy floor plan that has been thoughtfully designed to maximize both space and natural light. This creates a warm and welcoming atmosphere that is perfect for everyday living as well as entertaining guests. Whether you are hosting a dinner party or enjoying a quiet night in, this home provides the ideal backdrop for all of life’s moments. This is an exceptional opportunity to own a stunning home with a serene lake view and ample outdoor space in a highly sought-after location in Palmetto. Don’t let this chance pass you by! Schedule your visit today and come experience the beauty, tranquility, and lifestyle Your dream home awaits! SELLER WILL CONSIDER A LONG-TERM LEASE.
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William Raveis Real Estate
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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 | $2,640 | $2,640 | $2,640 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $18 | $18 | $22 |
Total Monthly Payment | $93 | $93 | $97 |
* 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.