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BEST PRICED SUMMERVILLE model with a pool and spa in Lorraine Lakes. . . Welcome to 15607 White Linen Dr. This South facing home sits on a fabulous premium lot backing to a PRIVATE PRESERVE behind and POND views just off to east side. The upgrades in this home set it apart from the rest. For example, the home is hurricane ready with a whole house generator and added natural gas connection on a transfer switch and roll down ELECTRIC HURRICANE SHUTTERS on the back lanai to keep things safe and operational in the event of a named storm. The custom front porch screen allows for additional expansion of the indoor/outdoor living space and a fantastic cross breeze. The exterior of the home is beautifully lit up at night with landscape lighting, lanai lights and upgraded designer coach lights, adding to the home’s gorgeous curb appeal. The upgrades continue inside the home with a stunning foyer chandelier, added lights and switches throughout, designer tile backsplash, custom window treatments with remote roll down, and ceiling fans. Lakewood Ranch is recognized as the number one selling master planned community, and Lorraine Lakes helps set the standards to make that recognition possible. Lorraine Lakes was designed to provide its residents with a true resort and vacation like experience. The HOA includes 24/7 guarded gate security and lawn and landscape maintenance so you can enjoy life and the extensive amenities this community provides. You will be amazed by the 25, 000 square foot clubhouse with a coffee lounge, restaurant and bar, aerobic center, basketball court, arcade, and fitness center with a child’s play area. Outside you will find two pools, a splash pad, a pool side bar, tennis and pickleball courts, a putting green, volleyball, bocce ball and a playground. Lorraine Lakes flourishes with walking paths and lovely lakes including the main pond with dock, and fishing is permitted. This home truly checks all the boxes. Don’t miss the opportunity to own this home located in the heart of Lakewood Ranch conveniently located to shopping, restaurants, A-rated schools, championship golf courses and a short drive to the famous beaches of the gulf coast.
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Our Executive Mortgage Banker:
Our Insurance Division:
$785,000
William Raveis Real Estate
Phone: 888.699.8876
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $628,000 | $628,000 | $628,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | $700 | $700 | $700 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,969 | $4,126 | $5,257 |
Total Monthly Payment | $4,761 | $4,918 | $6,049 |
* 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.