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Pre-Construction. To be built. Canopy Builders New Construction in the Magnolia Heights Neighborhood! Located within Steps to the MLK Business District Offering a Variety of Shops, Restaurants and Bars, This Single Family Residence Includes 5 Bedrooms, 3 Full Bathrooms and a Detached 2 Car Garage. No Expense has Been Spared with this New Build Which Boasts Hardie Plank Siding, Impact Resistant Windows , 10' Ceilings on the Main Level & 9' Ceilings on the 2nd Level, Dedicated Laundry Room on 2nd Level with Expansive Cabinetry, Walk-In Pantry, and Covered Front & Rear Porches. Buyers Have the Opportunity with this Home to Select Their Finishes with Canopy's In-House Design Team, and Customize the Property to their Specific Tastes. Included Features are as Follows (and can be modified as desired): Engineered Hardwood Flooring, 8' Shaker Style Interior Doors, Spacious Island with Quartz Countertops, Designer Lighting Fixtures, Tile Backsplash & Range Hood, Free-Standing Natural Gas Range, Designer Hardware, Gas Tankless Water Heater, Pavered Front Porch & Walkway, Natural Gas Lantern and So Much More. The Spacious, Master Suite is a True Retreat, and Offers a Large, Walk-In Closet, Double Sink Vanity, Free-Standing Tub and Walk-In Shower. Located on a High & Dry, Non-Flood Zone Lot Within Minutes to Booming Downtown St. Petersburg, Tampa and the Gulf Beaches. Perfectly Positioned on a Quiet Street with Sidewalks and Canopy Oak Trees. **This is a Pre-Construction Listing which Offers a Buyer the Opportunity to Customize Many Aspects of the Home, Including the Finish Selections, Front Elevation and Non-Structural Floor Plan Revisions. The Advertised Listing Price Includes the Lot, Demolition of the Existing Structure and a Brand New Home & Detached Garage Built by Canopy Builders (See Included Specifications & Features). Buyer is required to Purchase Lot First, and then Fund Construction via Cash Draw Payments or a Construction to Permanent Loan. **
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Our Executive Mortgage Banker:
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$1,395,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,116,000 | $1,116,000 | $1,116,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.811% | 6.727% | 6.560% |
Monthly Tax Payment | $467 | $467 | $467 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,691 | $7,146 | $9,645 |
Total Monthly Payment | $7,283 | $7,738 | $10,237 |
* 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.