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Under contract-accepting backup offers. Sarasota Springs is one of the most popular, reasonably priced, centrally located subdivisions in Sarasota County. There are no deed restrictions. The location is close to beaches, downtown, shopping and the interstate. There is a Sarasota Springs Community Association which is strictly voluntary. It is more geared toward social gatherings. However, over the years, the community was able to secure sidewalks, street lights and traffic calming. This property is old style Florida, block solid and never damaged by any storms or floods. It sits on a spacious corner lot with a very private backyard. There are two bedrooms and an additional "flex" room. The flex room has a small closet and can be used as an office or bedroom. The laundry equipment is in an enclosed spacious storage or shop room next to the carport. There is also an additional under roof storage closet accessible from the back yard. Storm equipment includes both fixed and removable storm shutters. This is a perfect starter home with many opportunities for upgrades. It has also been a very successful rental property as well. Seller is offering a $6, 800 credit for a new shingle roof. Roof estimate in hand from reputable roofing company.
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Our Executive Mortgage Banker:
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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 | $246,320 | $246,320 | $246,320 |
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 | $250 | $250 | $250 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,537 | $1,618 | $2,062 |
Total Monthly Payment | $1,862 | $1,943 | $2,387 |
* 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.