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.
About the property:
•Although the "Actual Year Built" was 1987, the "Effective Year Built" is 1990 which is the estimated age of the property based on its current condition, including renovations, updates, and wear and tear.
•On a CUL-DE-SAC you will find this home-sweet-POOL-home which will make the future homeowner happily proud due to a few of its invaluable features and FULL RENOVATION in 2020:
-Shingle Roof.
-Central HVAC & Water Heater.
-Ceramic Tile Flooring.
-New Kitchen: Cabinets, Reverse Osmosis System, Convection Oven, Pot Filler, External Vent, Microwave, Refrigerator, Stone Countertops, Island [bar stools convey with the sale].
-Water Softener System.
-Solar Panels installed 2022.
-Pool Resurfaced and new Pool Pump installed 2023.
•Split Bedroom Floor Plan:
-Formal Living Room.
-Family Room with a Wood-Burning Fireplace.
-Dining area.
-Kitchen Nook area.
-Master Bedroom includes an Electric Fireplace with an elegant custom-built fireplace wall.
-Master Bathroom includes a walk-in shower & walk-in closet.
•French doors in Master and Dining Room lead to the fully enclosed lanai and JACUZZI.
•The laundry room located inside the home includes storage cabinets and washer/dryer hook-ups.
•Rain gutters in place. The garage is equipped with remote controlled door, attic access with pull down staircase, storage cabinets, lighting, utility sink, water softener system, water heater, and HVAC, side door leading to the yard and SHED.
•Fully FENCED oversized homesite, elevated, on public utilities and sewer, no rear neighbors. Homesite dimensions are approximately: 186 feet deep on the northside, 111 feet deep on the southside, with the rear of the property at approximately 145 feet wide. It is a LARGE HOMESITE.
•The Solar Panels are transferable with the purchase of the home. Buyer will save an average of $150 a month!
•Properties like this are a dream for many so take action now instead of listening to fear mongering hype because Florida's real estate market is on a continuous upswing with no downward shift in sight!
•Please note that measurements including square footage are an approximation. Buyers are encouraged to verify all information herein.
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William Raveis Mortgage, LLC
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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 | $343,200 | $343,200 | $343,200 |
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 | $266 | $266 | $266 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,283 | $2,281 | $2,943 |
Total Monthly Payment | $2,624 | $2,622 | $3,284 |
* 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.