7516 Cove TERRACE, Sarasota, FL, 34231 | $8,500

*** Available December 1, 2024 thru April 15, 2025***. Owner Requires 3-Month Lease min. Located in South Sarasota minutes to #1 rated Siesta Key Beach. Close to the Siesta Key Village with its many restaurants and shopping. This modern home is a short distance to all that Sarasota and Florida have to offer. Pride of ownership shows throughout the house with its travertine floors, complete renovations from top to bottom with all televisions wall mounted. Tastefully furnished. Large master bedroom with king bed. Two guest rooms with queen beds in each. This home is ready for you to enjoy. Perfect for entertaining with family and friends, whether in the over-sized great room with fireplace or outside lounging by the beautiful pool with spa that overlooks the waterway with two umbrella tables and a fire pit. Grilling, boating, kayaking all for you to enjoy. Beautiful landscaping with up lighting on all trees creating a spectacular entry at night. ocation is prime with theaters, shopping, restaurants all a short distance away. Sarasota is a hub of cultural events with live theater, opera, performing arts theater, ballet and so much more. This is a spectacular canal home. Call for more information!

Features

  • Type: Single Family Residence
  • Rooms: 4
  • Bedrooms: 3
  • Baths: 3 full
  • Year Built: 1957
  • Garage: 1-car Circular Driveway
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,441
  • Acreage: 0.33
  • Lot Desc: Near Public Transit
  • View: Water
  • Pool: Gunite, Heated
  • Pet Policy: Yes
  • Appliances: Microwave, Refrigerator, Washer
  • MLS#: A4520603
  • Days on Market: 953 days
  • Website: https://www.raveis.com
    /prop/A4520603/7516coveterrace_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 10/2/2024 4:23:52 AM)
Listing courtesy of AUDREY RAIN RENTALS, INC   Phone: 941-487-7162

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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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Our Insurance Division:

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7516 Cove TERRACE, Sarasota, FL, 34231

$8,500

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 $6,800 $6,800 $6,800
Term 360 months 360 months 180 months
Initial Interest Rate** 6.375% 6.125% 4990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.439% 6.273% 5.268%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $42 $41 $28,277
Total Monthly Payment $117 $116 $28,352

* 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.