3332 Spanish Oak TERRACE, Sarasota, FL, 34237 | $87,500

Looking for a lot to install your new home. . . well look no further. This lot is priced below market value in a fantastic gated community close to downtown.
Lot size 50 x 80. 5. . . . Buildable space 40 x 60. 5. No impeding trees. Seller reserves right to remove all appliances, fixtures, cabinets, personal items, etc. prior to closing.
Located in the ONLY Resident Owned Park in the City limits of Sarasota!! The gated 90 acre community boast low maintenance fee with its vast amenities starting with the large Clubhouse outfitted with a full commercial cook kitchen, event stage, audio/visual, dance floor, fitness room, activities hall, library with books/movies/puzzles and a pool table. Outside recreation includes an extra large heated pool with a handicap ramp, a spacious kidney shaped hot tub, ample tables and lounge chairs and remodeled shower rooms. Oak trees shade the beautiful park area, Gazebo, picnic tables and a community grill. Additional amenities to enjoy are the community putt putt course, bocce ball, ping pong, horse shoes and corn hole. Oakwood Manor is a highly social community with many groups and activities to be a part of. We are located adjacent to Legacy Trail and 12 new pickle ball courts managed by the City. Close to downtown, shopping and dining. Please note that Oakwood is a NO pet and NO motorcycle Park.

Features

  • Amenities: Cable TV, Clubhouse, Fitness Center, Gated, Maintenance, Park, Pool, Recreation Facilities, Shuffleboard Court, Spa/Hot Tub, Vehicle Restrictions, Wheelchair Access
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 1 full
  • Year Built: 1972
  • Garage: Driveway
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 672
  • Acreage: 0.1
  • Est. Taxes: $799
  • HOA Fee: $175 Monthly
  • Lot Desc: City Lot
  • Adult Communities: Yes
  • Pet Policy: No
  • Appliances: None
  • MLS#: A4580530
  • Days on Market: 364 days
  • Website: https://www.raveis.com
    /prop/A4580530/3332spanishoakterrace_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/22/2024 6:17:51 AM)
Listing courtesy of PALM REALTY SERVICES LLC   Phone: 941-953-9682

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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3332 Spanish Oak TERRACE, Sarasota, FL, 34237

$87,500

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $70,000 $70,000 $70,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment $67 $67 $67
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $472 $465 $590
Total Monthly Payment $614 $607 $732

* 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.