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One or more photo(s) has been virtually staged. The Rivo at Ringling is conveniently located in the heart of downtown Sarasota, offering easy access to shopping, entertainment, great restaurants, the beautiful beaches of the area, as well as proximity to Sarasota Airport and beyond. This distinctive 15-story building was constructed in 2006 and has top-notch building security, indoor secure resident parking, and storage units. The building is designed around an interior atrium, ensuring that all units have open floor plans and outdoor terraces. Residents can enjoy a wide range of amenities, including a modern, spacious fitness center, a heated pool, a spa, a sundeck, and a social and conference room, all located on the third floor. Imagine all the beautiful sunsets from your private terrace and take advantage of all the activities of living downtown, all within walking or biking distance from your 2-bedroom, with a separate den/office and 2 bath unit on the 9th floor. This one is hard to pass up. All condo fees for 2025 will be paid before closing by the seller.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$729,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $583,200 | $583,200 | $583,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.108% | 7.063% | 6.152% |
Monthly Tax Payment | $672 | $672 | $672 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,686 | $3,831 | $4,882 |
Total Monthly Payment | $4,450 | $4,595 | $5,646 |
* 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.