Welcome to the highly desired Mendocino (4500sq+) model in Estancia in the gated subdivision of Matera! This floor plan boasts 5 bedroom 5 ensuite bathrooms, bonus room, office, 3 car garage, and more. The exterior of the property has barrel tile roof, paved driveway, and beautiful archway architectural design. As you enter you are greeted by 20 foot high foyer, wrought iron spindle staircase, faux beams on the ceiling, and a jaw dropping pond view. The entire first floor has tile, lots of natural light, open floor concept, crown molding, and tray ceilings. The living room has an electric fireplace stone wall feature with double sliders leading to the main lanai. The kitchen has GE Profile stainless steel appliances, gas cooktop, hood vent, walk in pantry, mosaic backsplash, and quartz countertop. The staircase has wood-stained steps leading to wood floors in the hallway and primary bedroom. The primary bedroom has a door to an upstairs covered balcony where you can enjoy the pond view and sunset skies. The primary bedroom has a large walk in closet, sitting area, hallway closet, bath tub, walk in shower, and double vanity. The bonus room has double doors for privacy and sliders leading to the top lanai with. The garage has overhead garage racks, upper and lower cabinets for storage with countertops. This home sits on a 70 foot wide lot with endless future outdoor living possibilities! Matera has a "Matera" residents only gated entrance, secondary entrance, all tile roofs, paver driveways, and larger executive style homes. The club at Estancia has a lifestyle director hosting events and activities for its residents all year long. Enjoy the gym, clubhouse, tennis court, pickleball, tennis court, basketball court, trails and luxurious swimming pool with a zero entry and lap area. This neighborhood is less than 1 mile from Advent Health, BayCare Hospital, and the future Orlando Health. Zoned for A+ school zone, easy access to I-75, Wiregrass Mall, the Krates, restaurants, and shops make this area an ultimate favorite. Don’t miss out as this model does not hit the market often! Click for virtual tour!
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$1,299,000
William Raveis Real Estate
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Contact@raveis.com
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,039,200 | $1,039,200 | $1,039,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.750% | 7.038% |
Monthly Tax Payment | $1,719 | $1,719 | $1,719 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,740 | $6,654 | $9,196 |
Total Monthly Payment | $8,584 | $8,498 | $11,040 |
* 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.