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Hugh $50, 000 price reduction. Desirable, West of Trail, eclectic community of Sapphire Shores, Ringling Museum area and a short bike ride to Jungle Gardens. This updated mid-century modern house has a coastal flare. Perfect for this area. Just a few houses away from Sarasota Bay. The community has an optional HOA (IBSSA) with $30 annually fee. There are 3 areas for Bay access, kayak or Canoe launch, intimate park with playground. This over sized corner lot is surrounded by privacy fence and manicured landscaping. This property has an effective year built of 2017 with additional seller updates. Remodel plans are available. The open floor plan centers around a sprawling eat-in kitchen with hurricane impact windows and sliding doors opening to the covered patio, pool and garden areas. Hurricane impact windows and door throughout this home. Separate living and family rooms. The coastal flare allows the homeowner to design the decor and furnishings which best reflects their taste. This true 4 larger bedrooms/2 full custom baths has an abundance of closets with Closets by Design built-ins. The backyard has a large 10 X 16 storage shed with electric, a window AC unit, paver driveway with side gate for road access, and micro garden boxes. Many upgrades adds to the house's warm and wonderful ambiance. This home is the perfect size to live work and play. Close to all Downtown's restaurants, arts options, and beautiful beaches. If a garage is needed the family room can be converted back to a garage. The City of Sarasota stated a 1 car rear garage can be added when if permit requirements are met.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $831,200 | $831,200 | $831,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.751% | 6.666% |
Monthly Tax Payment | $928 | $928 | $928 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,050 | $5,322 | $7,241 |
Total Monthly Payment | $6,103 | $6,375 | $8,294 |
* 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.