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This charming bungalow in the highly sought-after Gulf Gate neighborhood offers the perfect blend of comfort, convenience, and investment potential. How fortunate to be located just 3 miles from the world-renowned Siesta Key! Within the Gulf Gate community, only 5 minutes from Costco, this home provides easy access to all the best that Sarasota has to offer. Currently a successful rental property, it is being sold fully turnkey furnished and is ready for immediate occupancy or continued use as a vacation rental. The home has been updated with hurricane impact windows, roof was just replaced in Nov. 2024, A/C system 2021 and home has been repiped.
Inside, the home features a modern, open feel. You will notice crown molding, tall baseboards and ceiling fans throughout. Very functional kitchen with granite countertops, pantry and plenty of seating at the island. Split floorplan with oversized bedrooms and generous closet space. Luxury of having your laundry right on premise! The screened-in back porch offers a perfect spot to relax or entertain while enjoying the mature landscaping that surrounds the property. The fully fenced yard provides privacy and security, making it ideal for pets or outdoor activities. Whether you're looking for a beachside retreat, a profitable rental/income property, or both, this bungalow offers everything you need to embrace the Sarasota lifestyle. Just a short drive to all the fun and action that Sarasota has to offer. Don’t miss the opportunity to own this move-in-ready home, with everything you need to start enjoying the Florida lifestyle immediately.
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Our Executive Mortgage Banker:
Our Insurance Division:
$339,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $271,200 | $271,200 | $271,200 |
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 | $326 | $326 | $326 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,714 | $1,782 | $2,270 |
Total Monthly Payment | $2,115 | $2,183 | $2,671 |
* 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.