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Limited-Time Offer until May 31, 2025. The Seller is now offering a new buyer incentive: Up to $10, 000 Seller-paid credit to fund a mortgage rate buydown when using their preferred lender.
Nestled on an oversize corner lot directly across from Colonial Oaks Park, this lovely 3-bedroom, 2-bathroom home offers both comfort and convenience. Inside, the home has been updated with an eye toward quality. The remodeled kitchen features upgraded appliances, including an induction stove, and elegant quartz countertops overlooking the open living and dining areas. The spacious primary suite is a retreat, complete with a beautifully updated ensuite bathroom featuring a soaking tub. A true split plan, the other two bedrooms’ location maximizes privacy. Step into the backyard to enjoy peaceful views of a small pond frequented by wading birds, turtles, and even the occasional river otter. Practical upgrades including full impact windows and a reinforced garage door, secure keyless entry, and Flo Smart Water Monitoring offer peace of mind. Across the street, Colonial Oaks Park offers an array of recreational amenities, including tennis, pickleball, and basketball courts, a walking trail, shaded picnic areas with BBQ grills, and a fenced playground. Perfect for outdoor enthusiasts and families alike, the Colonial Oaks neighborhood is only minutes from I-75, shopping, hospitals, and downtown Sarasota.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$424,900
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 | $339,920 | $339,920 | $339,920 |
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 | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | $207 | $207 | $207 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,149 | $2,233 | $2,846 |
Total Monthly Payment | $2,431 | $2,515 | $3,128 |
* 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.