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Under contract-accepting backup offers. "TAKING BACK-UP OFFERS" Welcome to your dream home in the desirable Ravenwood community! This custom built 4-bedroom, 2-bathroom and 1 half bath residence offers an impressive 3, 891 square feet of living space with a whopping 5, 100 square feet under the roof total, providing ample room for relaxation, separation, and entertainment. Set on a spacious 1-acre lot, you will enjoy tranquility and privacy provided by lush tropical foliage and a fenced dog run, all for an affordable HOA fee of just $222 per year. As you enter, you are greeted by a spacious living room with lit double trey ceilings and a separate dining room that flows seamlessly into the chef’s kitchen, complete with granite countertops featuring dual lazy susans in cupboards and dedicated appliance compartments. The charming glass cabinet doors and pull-out spice drawers add a touch of elegance to this well-appointed kitchen, which boasts a breakfast bar for six perfect for family gatherings. A walk-in pantry, conveniently tucked under the stairs, provides ample space for all your gadgets, while the laundry room features both upper and lower cabinets, counters, and a sink for your convenience. The half bath serves guests off the kitchen near the eat-in kitchen that opens up to a spacious family room, where friends and family can cheer for their favorite sports teams or engage in a competitive game of billiards. Step outside to the expansive lanai, complete with a built-in 2022 BBQ kitchen, ideal for entertaining. Whether you prefer basking in the sun or seeking shade under the ceiling fan, this space is perfect for hosting swims in the large pool or relaxing in the jacuzzi. Retreat to the master suite located on the second floor, featuring a spa-like bath and a custom walk-thru closet. The second floor also includes a versatile 4th bedroom, perfect as a sitting room, office, or guest bedroom. On the east wing of the first floor, two spacious bedrooms can be conveniently closed off for guests, ensuring privacy and comfort while sharing a dual-entry oversized bathroom. Additionally, the side-entry two-car garage and separate one-car garage offer plenty of space for vehicles or even that unique project you’ve been dreaming of. Built in 2009 hurricane-proof windows and doors were installed and located in an X flood zone, this home combines modern amenities with peace of mind. Two HVAC units installed in 2024 ensure the ideal indoor climate. With a prime location, you are just minutes away from University Town Center, connecting you to the interstate, or head West to the beautiful beaches and downtown Sarasota. This property truly is an oasis in the heart of town—don't miss your chance to make it your own!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,000,000
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 | $800,000 | $800,000 | $800,000 |
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 | $638 | $638 | $638 |
H/O Insurance Payment | TBD | TBD | TBD |
Initial Principal & Interest Pmt | $4,861 | $5,122 | $6,969 |
Total Monthly Payment | $5,591 | $5,760 | $7,607 |
* 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.