8,000+SF Mansion In Northern Orlando

Front Elevation 2This is my newest listing, at over 8,000 SF, this is one of the largest lake front homes in the Orlando MSA and was featured in a magazine. It is priced competitively based on the price per square foot and should sell fast.  It is convently located to major thoroughfares (like Interstate 4), shopping, and employment centers.  I can handle both the buyer and seller in this transaction.  If you are relocating to Orlando and need a home with 8 bedrooms, this could be your new home.  It can be viewed on REALTOR.com at Listing.

Built in 2004 by a builder for his family’s personal residence, this home is spacious, gracious, and a solid fortress. This 8,000 SF, 8 bedroom/7 bathroom home is built with superior concrete tilt-wall construction materials, wired with Smart House technology, and finished with gorgeous design and detail. Amenities include a breath-taking Fireplacefoyer with 24 ft vaulted, cantilevered ceiling and dual, matching, custom winding staircases; a gourmet kitchen with top-of-the-line appliances, high ceilings, 3 dishwashers, and generous granite workspaces; a beautifully carved, marble fireplace, a spacious Master w/ cantilevered ceiling and venetian plaster corridor leading to the master bath. Home also has a 2nd master downstairs, 2-story nanny suite/office/library, and a 1st floor theatre room which includes a wet-bar, and is constructed to be a hurricane safe-room. Technical amenities include whole house Smart House wiring, cat-5 E, Infrared, Coax, LAN System, audio-visual, whole house camera security ready, Automated & Remote HAI Security System, automated HVAC and automated Lighting Controls, 4-zoned TRANE HVAC system, GENERAC QT generator support system, Recirculation 3-tank Gas Hot Water System. Outdoor amenities include 600 SF covered lanai w/ outdoor kitchen, large pool with areas for kiddy pool and heated spa. Boat house and dock ready to for your summer boating enjoyment on a spring-fed and sand-bottomed Lake Seminary. Bricked circular drive w/ formal garden leads to large 3-car garage behind security gates.

Great Room 2Great Room

In the Real Estate Market?

KW1784102f20KW.jpgYou should consider using a realtor.  I could save you money especially with new home builders and it does not cost you anything.  So why not? Let me save you money!!!  If you are interested in buying real estate (new home, existing home, or commercial property), please contact me (Alan Lane with Keller Williams Realty a.t 2119 W Brandon Blvd, Brandon, Florida 33511).  As a life long resident of Central Florida, I can help you find the right property for you whether it is in Lakeland or as far south as Sarasota.  The Keller Williams offices of  ”Suburban Tampa” include the offices in Brandon, Plant City, Fishhawk Ranch, and our newest office in Valrico.  My email address is alanlane66@gmail.com, or call me at 813.205.9280.  If you are just starting your search, you can search the MLS for real estate opportunities on my website at this link

Advertisements

How Much Home Can You Afford?

cropped-img_41401.jpgAs a general rule, most future homeowners can afford to mortgage a property even if it costs between 2 and 2.5 times the gross of their income. Under this particular formula, a person that is earning $100,000 each year can afford a mortgage up to $250,000. However, a borrower should evaluate their finances and how much they are will to pay monthly when making the decision.  Knowing the mortgage size and approximately monthly payment that can be handled also helps the borrower narrow down the playing field so that precious time is not wasted in touring homes that are out of the price range.

Debt-To-Income Ratios and Down Payment

There are several ratios that lenders consider when determining how much money a person can borrow for a mortgage. It’s a good idea to know what factors lenders consider when determining how much mortgage that borrower can get.  There are three main factors, which are briefly described as follows:

  • The percentage of yearly gross income that is dedicated to making the mortgage each month is called the Front-end Ratio (mortgage payment, which are: interest, principal, insurance, and taxes). Generally these items should not exceed 28% of the borrower’s gross income, but some lenders allow the borrower to exceed 30% and some even allow 40%.
  • The debt-to-income ratio, which is also called the “Back-End Ratio” measures what percentage of income is required to cover debts (mortgage payment and such debts as child support, car payments, other loans, and credit cards). The debt-to-income ratio should not exceed 36% of the gross income. In some areas that have higher home prices, it is hard to stay within 36% with lenders allowing the debt-to-income ratio to go as high as 45%, which could increase the interest rate.
  • Most lenders require a down payment of around 20% of the price of the home. This minimizes the need for property mortgage insurance (PMI) requirements, which increases the mortgage payment.

The down payment also has an impact on the monthly mortgage payment and on the front-end and back-end of the loan. More expensive homes can be purchased with larger down payments.

Other Considerations

Just because you can afford a home based on these factors does not mean you should finance the maximum loan amount.  Here are a few questions to ask yourself:

  • What is your life style?  In other words, do you have an active life style that requires a lot of your resources (or money)?
  • How long are you going to stay in the home or if you are expected to increase your income can determine if a fixed or variable rate loan is appropriate.  A variable rate mortgage would start at a lower rate than a fixed rate mortgage.  The downside is the potential of increases in interest rates over time.

Pre-qualification Vs. Pre-approval

Ideally, a potential home buyer would talk to a lender to get either a pre-qualification or a pre-approval letter.  These are two different types of letters, which are defined as follows:

  • Pre-Qualification Letter are typically less intensive than a pre-approval letter and involves a brief conversation without document support.
  • Pre-Approval Letter is much more detailed and requires a  review loan requested documents (i.e. financial statements, credit reports, etc.) as well as proof of a down payment.

Conclusions

The Tampa Bay MSA area experienced large growth in residential housing during the residential “boom” period of the early to mid 2000’s. Since the beginning of 2013, the market has shown increases in both pricing and sales figures.  These figures continue to show improvement.  However, Hillsborough County is becoming more built out with less vacant land available for development.  Since most people will not buy homes with cash, I hope this helps you getting your new home with a mortgage and realize the dream of home ownership.

In the Real Estate Market?

KW1784102f20KW.jpgYou should consider using a realtor.  I could save you money especially with new home builders and it does not cost you anything.  So why not? Let me save you money!!!  If you are interested in buying real estate (new home, existing home, or commercial property), please contact me (Alan Lane with Keller Williams Realty a.t 2119 W Brandon Blvd, Brandon, Florida 33511).  As a life long resident of Central Florida, I can help you find the right property for you whether it is in Lakeland or as far south as Sarasota.  The Keller Williams offices of  ”Suburban Tampa” include the offices in Brandon, Plant City, Fishhawk Ranch, and our newest office in Valrico.  My email address is alanlane66@gmail.com, or call me at 813.205.9280.  If you are just starting your search, you can search the MLS for real estate opportunities on my website at this link

 

The Summit at Fern Hill in Riverview

Looking for a new home in Tampa Bay?  Why not consider a new Lennar Home?  When they say everything is included.  They mean it.  You don’t have to worry about blinds.  These homes are also very energy effincent.  There are four quick move in ready homes in the subdivision known as “The Summit at Riverview” in Riverview, Florida.  Here is some information about these homes:

SOURCE: Lennar Homes

There are two Four-bedroom/Two-Bath, 1,817 square foot, Harrisburg models ranging in price is offered at $216,890.

Harrisburg first flr

SOURCE: Lennar Homes

The Four-bedroom/Two-Bath, 1,936  square foot, Hartford model  is offered at $216,890.

HARTFORD fIREST fLOOR

SOURCE: Lennar Homes

The two-story, Four-bedroom/Flex/Two and One Half-Bath, 2,584  square foot, Providence  model is offered at $216,890.

SOURCE: Lennar Homes

In the Real Estate Market?

KW1784102f20KW.jpgYou should consider using a realtor.  I could save you money especially with new home builders and it does not cost you anything.  So why not? Let me save you money!!!  If you are interested in buying real estate (new home, existing home, or commercial property), please contact me (Alan Lane with Keller Williams Realty a.t 2119 W Brandon Blvd, Brandon, Florida 33511).  As a life long resident of Central Florida, I can help you find the right property for you whether it is in Lakeland or as far south as Sarasota.  The Keller Williams offices of  ”Suburban Tampa” include the offices in Brandon, Plant City, Fishhawk Ranch, and our newest office in Valrico.  My email address is alanlane66@gmail.com, or call me at 813.205.9280.  If you are just starting your search, you can search the MLS for real estate opportunities on my website at this link

 

Great Deals on Lennar Spec Homes in South Hillsborough County, Florida

Stonegate at Ayersworth offers a variety of single family homes located in the Wimauma area just south of Tampa. The community offers numerous amenities including a basketball court, a playground, a swimming pool, picnic pavilion, and a community center. Future residents can choose from a variety of floor plan options with prices starting from the $200s with 3 to 6 bedrooms.   There are currently two spec homes (Providence Model) reduce by $6,200 and $8,200 from the base price of $227,490.  A “spec” home is a home that is not built with a specific home buyer in mind.  Most builders do not build a home until they have a home owner’s deposit.  But Lennar is not one of these builders.  Since Lennar is one of the largest home builders in Tampa Bay, they need to keep their contractors busy.  This could mean some real savings to home purchasers of spec homes.  The following is the front elevation of the Providence Model (a two story, 2,584 square foot, Four-Bedroom/Flex/Loft/Two-Bath home):

Providence Front Elevation

Providence Model

Little Harbor are two-story homes with a Cape Cod atmosphere in Tampa Bay and one of Lennar’s newest waterfront communities.  These homes will have direct access to Tampa Bay with the convenience of being able to accommodate own docks and boat lifts. Pricing from $514,990s – $669,990s.  There are currently several spec homes with steep discounts between $5,000 and $37,000 off base prices, including Amelia, Jupiter, and Sanibel Models.

Jupiter

Jupiter Model

Sanibel

Sanibel Model

This is just a sample of the spec homes available.  For information on more new homes in the Tampa Bay market, please contact me and let’s go shopping.

Front Elevations provided by Lennar Homes

KW1784102f20KW_thumb.jpgYou should consider using a realtor.  I could save you money especially with new home builders and it does not cost you anything.  So why not?  If you are interested in buying real estate (new home, existing home, or commercial property), please contact me (Alan Lane with Keller Williams Realty a.t 2119 W Brandon Blvd, Brandon, Florida  33511).  As a life long resident of Central Florida, I can help you find the right property for you whether it is in Lakeland or as far south as Sarasota.  The Keller Williams offices of  ”Suburban Tampa” include the offices in Brandon, Plant City, Fishhawk Ranch, and our newest office in Valrico.  My email address is alanlane66@gmail.com, or call me at 813.205.9280.  If you are just starting your search, you can search the MLS for real estate opportunities on my website at this link

Waterset Townhomes in Apollo Beach, Florida

Waterset TownhomesWaterset Townhomes are very affordable townhomes with reasonable maintenance fees  in eastern Hillsborough County, Apollo Beach, Florida.  This location is between the Interstate Corridor and Tampa Bay.  It is also conveniently located to restaurants and shopping as well as Tampa’s business district and Gulf Coast beaches.  Some of the property highlights include:

  • Pricing from $194,490s – $233,990s
  • Square footage from 1,756 to 2,185
  • Bedrooms from 3 to 4
  • Bathrooms from 2 to 3
  • Amenities include  a resort-style pool, splash park, playground, picnic area, cafe, outdoor fitness station, and a fitness center.
  • CDDs are only $80.46 per month with low HOAs at only $6.08 per month.
  • The Townhome maintenance fee is only $179.00 per month.

Per Lennar, the Schools for this subdivision include:

  • Inez Doby Elementary School
  • Eisenhower Middle School
  • East Bay High School

Although the above schools are the currently assigned to the subject development, I would suggest that any potential buyer check the Hillsborough County website to verify the schools and more information (school grades, school calendar, etc.). If you are relocating to Hillsborough County, you can find your school at click here as well as the school calendar at click here.

Unlike most builders, Lennar offer a home that has everything included.  What does that mean for the buyer?  In the case of upgrades, it is simply a matter of over pricing them above what you could get done from an individual subcontractor.  I’m not saying that Lennar does not offer upgrades, but most of the “typical”upgrades in the modern home as “granite” countertops are included.  Whereas, a lot of builder charge higher prices at their “design centers”.  This is just something to think about when deciding on purchasing a home.

There are several “spec” homes available.  Home builders in the Tampa Bay Residential Market have completed homes available with some real savings like discounts off the original sales price and generous closing costs available to potential home buyers in communities like Riverview and Dover, Florida.  Sales prices onSpec” (speculation) are often the best places to get the best deals.  These homes are built by builders without an intended purchaser in mind (Hence the builder is speculating that they will find a builder to buy the home).  There are two spec townhomes available (Ironwood and Princewood models).  The following is the Ironwood Model:

Ironwood

Ironwood 1st Flr

Ironwood 2nd Flr

The following is the Princewood Model:

Princewood

Princewood 1st Flr

Princewood 2nd Flr

Front Elevations and Floor Plans provided by Lennar Homes

KW1784102f20KW.jpgYou should consider using a realtor.  I could save you money especially with new home builders and it does not cost you anything.  So why not?  If you are interested in buying real estate (new home, existing home, or commercial property), please contact me (Alan Lane with Keller Williams Realty a.t 2119 W Brandon Blvd, Brandon, Florida  33511).  As a life long resident of Central Florida, I can help you find the right property for you whether it is in Lakeland or as far south as Sarasota.  The Keller Williams offices of  ”Suburban Tampa” include the offices in Brandon, Plant City, Fishhawk Ranch, and our newest office in Valrico.  My email address is alanlane66@gmail.com, or call me at 813.205.9280.  If you are just starting your search, you can search the MLS for real estate opportunities on my website at this link

Hawks Landing in Ruskin, FLorida

Lido Beach MorningHawks Landing is a new home community in eastern Hillsborough County, Tampa Bay Florida.  This location is located east of Tampa Bay and the Interstate 75 Corridor.   However, it is still conveniently located to restaurants and shopping as well as Tampa’s business district and Gulf Coast beaches.  With 7 spacious floor plans, you’re sure to find a home that suits you at an affordable price in this new subdivision. These single-family homes come with a wide variety of unique features to fit whatever you want in home.  Some of the property highlights include:

  • Pricing from $175,990s – $249,990s
  • Square footage from 1,555 to 3,326
  • Bedrooms from 3 to 6
  • Bathrooms from 2 to 3
  • CDDs at 167.11 per month with low HOAs ($6.27 per month)

Per Lennar, the Schools for this subdivision include:

  • Cypress Creek Elementary
  • Shields Middle
  • Lennard High

Although the above schools are the currently assigned to the subject development, I would suggest that any potential buyer check the Hillsborough County website to verify the schools and more information (school grades, school calendar, etc.). If you are relocating to Hillsborough County, you can find your school at click here as well as the school calendar at click here.

Unlike most builders, Lennar offer a home that has everything included.  What does that mean for the buyer?  In the case of upgrades, it is simply a matter of over pricing them above what you could get done from an individual subcontractor.  I’m not saying that Lennar does not offer upgrades, but most of the “typical”upgrades in the modern home as “granite” countertops are included.  Whereas, a lot of builder charge higher prices at their “design centers”.  This is just something to think about when deciding on purchasing a home.

There are several “spec” homes available.  Home builders in the Tampa Bay Residential Market have completed homes available with some real savings like discounts off the original sales price and generous closing costs available to potential home buyers in communities like Riverview and Ruskin, Florida.  Sales prices onSpec” (speculation) are often the best places to get the best deals.  These homes are built by builders without an intended purchaser in mind (Hence the builder is speculating that they will find a builder to buy the home).  There are seven spec homes available (Harrisburg, Hartford, Dover, Providence, and Raleigh models).  The following is the Harrisburg Model:

Harrisburg Front

Harrisburg first flr

The following is the Hartford Model:

Hartford Front

HARTFORD fIREST fLOOR

The following is the Dover Model:

Dover Front

Dover 1st Floor

The following is the Providence Model:

Providence

Providence 1st Floor

Providence 2nd Flr

The following is the Raleigh Model:

Raleigh

Raleigh 1st Flr

Raleigh 2nd Flr

Front Elevations and Floor Plans provided by Lennar Homes

KW1784102f20KW.jpgYou should consider using a realtor.  I could save you money especially with new home builders and it does not cost you anything.  So why not?  If you are interested in buying real estate (new home, existing home, or commercial property), please contact me (Alan Lane with Keller Williams Realty a.t 2119 W Brandon Blvd, Brandon, Florida  33511).  As a life long resident of Central Florida, I can help you find the right property for you whether it is in Lakeland or as far south as Sarasota.  The Keller Williams offices of  ”Suburban Tampa” include the offices in Brandon, Plant City, Fishhawk Ranch, and our newest office in Valrico.  My email address is alanlane66@gmail.com, or call me at 813.205.9280.  If you are just starting your search, you can search the MLS for real estate opportunities on my website at this link

The Summit at Fern Hill in Riverview, Florida

Florida Map with CountiesLocated along US Highway 301 in Riverview, the Summit at Fern Hill is one of the most conveniently located new single family home communities within the Interstate 75 Corridor. it is conveniently located to restaurants and shopping as well as Tampa’s business district and Gulf Coast beaches.  Some of the property highlights include:

  • Pricing from $200,990s – $274,990s
  • Square footage from 1,555 to 3,326
  • Bedrooms from 3 to 6
  • Bathrooms from 2 to 3
  • Amenities include a resort-style pool, cabana, and playground
  •  CDDs at $157.98 per month with low HOAs ($12 per month)

Per Lennar, the Schools for this subdivision include:

  • Sessums Elementary School
  • Rodgers Middle School
  • Spoto & Riverview High School

Although the above schools are the currently assigned to the subject development, I would suggest that any potential buyer check the Hillsborough County website to verify the schools and more information (school grades, school calendar, etc.). If you are relocating to Hillsborough County, you can find your school at click here as well as the school calendar at click here.

Unlike most builders, Lennar offer a home that has everything included.  What does that mean for the buyer?  In the case of upgrades, it is simply a matter of over pricing them above what you could get done from an individual subcontractor.  I’m not saying that Lennar does not offer upgrades, but most of the “typical”upgrades in the modern home as “granite” countertops are included.  Whereas, a lot of builder charge higher prices at their “design centers”.  This is just something to think about when deciding on purchasing a home.

There are several “spec” homes available.  Home builders in the Tampa Bay Residential Market have completed homes available with some real savings like discounts off the original sales price and generous closing costs available to potential home buyers in communities like Riverview and Ruskin, Florida.  Sales prices onSpec” (speculation) are often the best places to get the best deals.  These homes are built by builders without an intended purchaser in mind (Hence the builder is speculating that they will find a builder to buy the home).

There are thee spec homes available (Harrisburg, Hartford, Dover, and Providence models).  The following is the Harrisburg Model:

Harrisburg Front

Harrisburg first flr

The following is the Hartford Model:

Hartford Front

HARTFORD fIREST fLOOR

The following is the Dover Model:

Dover Front

Dover 1st Floor

The following is the Providence Model:

Providence

Providence 1st Floor

Providence 2nd Flr

Front Elevations and Floor Plans provided by Lennar Homes

KW1784102f20KW.jpgYou should consider using a realtor.  I could save you money especially with new home builders and it does not cost you anything.  So why not?  If you are interested in buying real estate (new home, existing home, or commercial property), please contact me (Alan Lane with Keller Williams Realty a.t 2119 W Brandon Blvd, Brandon, Florida  33511).  As a life long resident of Central Florida, I can help you find the right property for you whether it is in Lakeland or as far south as Sarasota.  The Keller Williams offices of  ”Suburban Tampa” include the offices in Brandon, Plant City, Fishhawk Ranch, and our newest office in Valrico.  My email address is alanlane66@gmail.com, or call me at 813.205.9280.  If you are just starting your search, you can search the MLS for real estate opportunities on my website at this link