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This efficiency studio is a fantastic opportunity for anyone looking for affordable living near downtown Sarasota! With its new laminate flooring and fresh paint, it offers a clean, modern feel. The spacious kitchen with a large walk-in pantry and breakfast bar is perfect for cooking and dining. The large walk-in closet is a great bonus for extra storage and for those clothes enthusiasts. Large sliders provide a great amount of natural light into the condo and lead to the balcony, which provides a view overlooking the community tennis courts adding a nice touch for relaxation or entertaining and large enough to accommodate multiple seating options. New roofs being installed on all buildings and assessment already paid by the seller. The community amenities available, such as the clubhouse, multiple lakeside pools, and fitness room, billiard room, bike racks, picnic area with BBQ/Grilling space, and assigned and guest parking all enhance the living experience, making it not just a home but a lifestyle. The proximity to public transportation and local attractions like Ed Smith Stadium is also a significant advantage. Overall, it is a convenient place to live, especially for those who appreciate community amenities and a serene environment with affordable association fees and a centralized location. The HOA covers water, trash, and sewer. One small pet is allowed and must be approved by association.
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:
$92,500
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 | $74,000 | $74,000 | $74,000 |
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% | 6.132% |
Monthly Tax Payment | $107 | $107 | $107 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $462 | $486 | $619 |
Total Monthly Payment | $644 | $668 | $801 |
* 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.