According to analysts, there will be a 4% increase in home prices by 2025. . . and with dropping interest rates, I'd schedule a showing today of this promising property before you tell yourselves, "Shoulda', coulda', woulda'. . . "
The average rate on a 30- and 15-year mortgage is around 6. 0% - 6. 7%! Maybe you ought to call your lender now because as interest rates drop, the demand for housing will increase. . . so don't miss out, make the call, and schedule your showing today of this great investment.
The Property:
•"Actual Year Built" was 1987 but the "Effective Year Built" is 2002 which is the estimated age of the property based on its current condition.
•Renovated SALTWATER POOL home in Florida’s rapidly appreciating town of WEST Palmetto would make the perfect sanctuary for the future homeowner desiring to live on a CUL-DE-SAC, in a NON-HOA neighborhood and with the right offer, some of the TV sets and outdoor furniture will convey with the sale.
•TWO (2) TESLA BATTERIES WILL POWER YOUR HOME FROM THE SOLAR PANELS IF THE POWER IS LOST. Solar Panels installed May 2023 are covered by a 25 YEAR roof penetration WARRANTY & proactively monitored for the life of the warranty.
•NEW ROOF & Skylights installed in June 2021.
•NEW IMPACT RESISTANT PGT WINDOWS & French Door installed in August 2024.
•FENCE installed May 2022 w/a LIFETIME WARRANTY enclosing all 0. 38 acres (120Wx135D) w/UNDERGROUND UTILITIES in place.
•The LOFT & master on the upper level includes a walk-in closet, en suite bathroom w/skylights, walk-in shower & a linen closet. Loft has a ceiling fan and offers a comfortable flex space that may double as an office or a den.
•3 guest bedrooms on the first floor: One of the rooms was built with a walk-in closet and a private bathroom that includes a walk-in shower. The third guest bedroom includes two closets: a built-in and a walk-in closet. The tastefully renovated 3rd bathroom on the first level includes an elegant tub with a shower head, linen closet, and a relaxing atmosphere.
•Quartz countertops, gorgeous cabinetry, and all kitchen appliances convey: 2 refrigerators (kitchen & one in garage), mounted microwave, dishwasher, electric stove & oven – all Samsung appliances.
•Enjoy a cool evening in your living room from the sounds of your wood burning fireplace INDOORS. Or step out & sit by your OUTDOOR wood-burning FIREPLACE.
•NEW GARAGE DOOR replaced in 2022. In the garage: Whirlpool Washer & Dryer, a utility sink, the electric water heater, and HVAC; two side doors, garage door remote, and attic access with pull down staircase.
•Pebble Tec Saltwater pool: Pump replaced Sept 2022; and not that you need it in Florida, but the Heat & Cooling Pump was installed in February 2020. The Hot Tub… is waiting for you.
•The home runs on solar power and public utilities. There's a propane gas tank buried in the front yard that has not been used by the sellers.
•Fully equipped outdoor kitchen: GAS range, bar w/beer tap handles, 2 Kegerators, refrigerator, Memphis Pellet Grill, 2 fans and… well, you just need to come see for yourself, maybe have a brewski and a swim while you’re at it, realizing that this is the one.
•Properties like this are a dream for many so take action today because Florida's real estate market is on a continuous upswing with no downward shift in sight.
•Measurements including square footage are an approximation. Buyers are encouraged to verify all information herein.
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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 | $599,200 | $599,200 | $599,200 |
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 | $660 | $660 | $660 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,986 | $3,982 | $5,138 |
Total Monthly Payment | $4,738 | $4,734 | $5,890 |
* 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.