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You don't want to miss out on this great buy at a great price. SaraBay Coves is under a complete renovation of its Exterior! Exterior Building Upgrades such as paint, flooring, patio, and stairway resurfacing, pool remodel, and roofing have already begun with NO additional assessments. SaraBay Coves offers everything you could desire at a fraction of the price for Waterfront Condos. Close to Sarasota Airport, Beaches, Restaurants, and Shopping. This Condo has been owned and loved by one family since it was built in 1972. It has been well cared for and is waiting for the next family/generation to enjoy. This Condo requires a little interior cosmetic updating (painting, flooring, minor bathroom and kitchen upgrades) and the price is reflective. Seller is Motivated to sell.
SaraBay Coves is truly a boaters paradise. Open the large sliders in the Living Room and Primary Bedroom for warm Florida Sunshine and fresh coastal air. The unit overlooks the saltwater canal. Watch endless, beautiful sunsets with a glimpse of the Sarasota Bay in the distance from this unit which faces west.
This unit offers 2 bedrooms and 2 bathrooms with a large Primary Suite with walk-in closet and bathroom with a beautiful walk in shower with glass doors. There is ample storage throughout the unit with 2 storage closets and a pantry in the kitchen. In addition to the storage inside the unit, the condo is also deeded a separate storage unit on the main floor in the parking area. The laundry room is located on the same floor as the condo unit. A boat slip space is currently available at $2. 00/foot/month.
This Community features: Clubhouse, Tennis Courts, Pool, Hot Tub, Workshop, Elevators, Storage, Dock/Boat Space, and Private Parking.
This unit is being offered Turn-Key, Furnished at an incredible price. It is ready for the new owners to add their own personal touch. The Hurricane Assessment has been paid for by the current owners. The monthly fee includes Internet, Cable, Water, Sewer, Trash, Pool, Jacuzzi, Clubhouse, Tennis Courts, Building Insurance, Flood Insurance, Liability Insurance for Common Areas & HOA, and the Property Management Company. The monthly fee allows for full funding up to 10 years. Please verify details with the Association Management Team.
*Property information is considered reliable but is not guaranteed. All information should be verified by buyers and buyer's agent. No sign on premise.
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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 | $152,000 | $152,000 | $152,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.360% | 7.290% | 6.404% |
Monthly Tax Payment | $266 | $266 | $266 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,037 | $1,024 | $1,293 |
Total Monthly Payment | $1,378 | $1,365 | $1,634 |
* 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.