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Feature Home - Exquisite Home on Lake

$1,189,000

Photo of 576 Frank Shaw Road, Tallahassee, FL, 32312.

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Front of Home

Address: 576 Frank Shaw Road	City/ST: Tallahassee, FL	Zip Code: 32312
Location: 576 Frank Shaw Rd, Tallahassee, FL	Property Type: Luxury Home on Lake	New or Resale: Resale
Square Footage: 4700	Bedrooms: 4	Bathrooms: 3 full, 1 half
MLS# 188774

Absolutely exquisite 4700 luxury square foot home recently completed in 2007 by Price Vincent. All areas of home designed to maximize incredible view of lake. Convieniently located in Pine Tip Hills off Meridian Road on a spacious and peaceful .75 Acres. This home, with 4 bedrooms and 3.5 bathrooms, features spacious rooms, beamed ceilings, hardwood floors, a gorgeous kitchen featured in Tallahasse Magazine, an outdoor kitchen with Viking Grill, three car garage, and front and back porches to enjoy the stunning surroundings. This is truly a home you will want for your own!

Last Updated: 6/28/2010 1:47:11 PM

Listing Agent and Office: Russell L Cotton, Cotton & Company Real Estate, LLC

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Front of Home
View of Lake
Back of Home
Custom Kitchen
Family Room off Kitchen
Living Room
Dining Room
Master Bath
Master Bedroom
Master Bedroom Sitting Room
Bedroom
Outdoor Kitchen

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Financing Your Home >The Margin on an ARM

When you are shopping for an Adjustable Rate Mortgage, the important thing to consider is the margin. Each time your loan is adjusted, the new interest rate will be tied to an index of Treasury notes. The margin is the percentage point above that index where your rate will be set.

Let's suppose that you have a one-year ARM with a 2.5 margin. Your initial rate was 7.5%, and during the first year of the loan, the index of 1-year Treasury notes was at 6.25%. The rate for the second year of your loan would be adjusted to 8.75%. With a margin of 2.75, it would increase to 9%. Some lenders offer lower initial rates with higher margins. In this case, the subsequent rates could be higher after the first year, than if you chose a higher initial rate with a lower margin.

If you are confused by the various mortgage offers, ask a professional mortgage broker to sit down with you and show you how it works. Today the rates and different financial possibilities are so variable that it is a good idea to talk to a mortgage broker--they usually know where the best rates can be found.

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Q	What was the greatest land grant ever given to an English subject?
A	William Penn arrived in October, 1682, to take over his enormous grant that later became Pennsylvania and Delaware.
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Doris DeMauro Bishop, REALTOR�, real estate agent and broker for Tallahassee and Monticello, Florida home listings, property and land for sale

Doris DeMauro Bishop
Steve C. Walker Realty, LLC
250 S. Jefferson St.
Monticello, FL 32344
850-591-0085
Fax: 850-997-8605
dorisdemaurobishop@BestImageAgent.com

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