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Come explore the newest neighborhood in Coventry! Residences at Sunset Lake on Johnson's Pond is a new development offering beautiful free standing, executive style ranch Condominiums on well-manicured lots. This unit offers an open concept, with a sizable kitchen equipped with soft-close cabinets, wet bar, stainless appliances, ample storage and a center island. The Kitchen opens to a sweeping living room showing off an attractive gas fireplace with stone surround. Off the living room sits the four-season room with its elegant coffered ceiling and raised paneling. The Primary Bedroom boasts a walk-in closet, a stylish lighted tray ceiling and an en-suite tile bathroom outfitted with a dual sink vanity, and tile shower with glass door. Finishing out the main level is a second bedroom, full bathroom, laundry area and a two-car garage. Upstairs houses a 400 Square foot office suite with its own zone for air conditioning, so that if you didn't use the space you don't have to pay to cool it. Also upstairs resides a full bath no need to go floor to floor to use the restroom. The exterior is fitted with a back porch and a stamped concrete patio. Walking distance to Johnson's Pond, with use of a soon to be built clubhouse and pond access for canoeing, kayaking, swimming, and fishing. Also listed as MLS # 1381869
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $631,920 | $631,920 | $631,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.695% | 6.810% | 6.026% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,638 | $4,046 | $5,248 |
Total Monthly Payment | $3,730 | $4,138 | $5,340 |
* 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.