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ATTENTION BOATERS!!!! A rare find in Manatee & Sarasota counties—an updated condo under $500k includes a DEEDED boat slip with your condo fees! Welcome to River Place—a waterfront condo community on the Manatee River west of I75 in Ellenton. This beautifully remodeled 2-bed/2-bath condo offers a rare opportunity for waterfront living with a host of enticing benefits. The prime location of River Place takes you 20 minutes (by boat) to the pristine shores of the Gulf Coast restaurants and fantastic beaches. This ideal mix of convenience and water access living makes it a gem for those seeking the best of both worlds. Another standout benefit is the deeded boat slip, equipped with a 10, 000 lb lift, water, and electric, providing direct river access to the Gulf coast. The marina has a boat house and convenient fish cleaning station provided by the condo association for your “catch-of-the-day”. Recent renovations include an open floor plan, large kitchen with wood cabinets & large breakfast bar (counter-height seating), GE stainless steel appliances, granite counter surfaces, neutral luxury vinyl plank flooring throughout the main living areas, single panel doors, lighting, ceiling fans, and both bathrooms have been completely remodeled. A newer air conditioner installed in mid-2020 ensures energy efficiency and comfort. The condo's interior has been thoughtfully designed in a contemporary coastal look, making it move-in ready. This contemporary decor adds to the overall appeal, providing a seamless blend of style and functionality. Step out the triple door pocket sliders onto the huge, screened balcony and enjoy your morning coffee overlooking the community and the water. In addition to the exceptional living quarters, worry-free living is facilitated by the Condo Association which includes essential services such as water, sewer, trash, cable TV, maintenance, and flood insurance. Additional amenities include community grill area, a car wash station, a large 10x6’ storage room in front of your two designated parking spots (under building). Furnishings are negotiable—in case you only want to bring your suitcase! No special assessments and several community projects are underway for tennis court repairs, power washing and dock damage (synthetic wood replacement) due to storms—no major damage to the buildings. Also, the owners’ boat was secured on the boat lift during both storms with no damage!! Storing a boat at a local marina will cost more than $600/month and be limited to their hours of operation. Act now to secure your chance to make this coastal haven your new home. Boat available for sale under separate contract. Easy commute to anywhere around town and located close to dining, shopping, medical facilities, I75, and more. THE POSSIBILITIES ARE ENDLESS so schedule your showing today!
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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 | $324,000 | $324,000 | $324,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.112% |
Monthly Tax Payment | $148 | $148 | $148 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,021 | $2,128 | $2,712 |
Total Monthly Payment | $2,244 | $2,351 | $2,935 |
* 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.