6562 Palmer Park CIRCLE, #1, Sarasota, FL, 34238 | $429,000

One or more photo(s) has been virtually staged. Pre-Construction. To be built. A luxury, garage condominium community is coming to Palmer Ranch Sarasota! Car Bank SRQ is a private, personal warehouse facility for the ultimate car collectors, motorsports enthusiasts, and RV/Boat owners. At Car Bank SRQ, owners will have 24/7 access to the gated community of 18 total, concrete block construction garage condominiums, all with low monthly HOA fees. Your personal warehouse is climate controlled, secure and private and each individually owned condo will have a generous half bathroom, HVAC, and utility sink. Owners have the ability to customize the interior with a mezzanine/loft (increasing the total square footage on average of 400 sq ft), cabinets, car lift, flooring, and/or anything you can imagine! Car Bank SRQ amenities include a car wash detail bay, and RV clean out station. Each unit is approximately 42'D x 24' W, with 20' ceilings and 14' H x 12' W garage doors. Each garage condominium will have fire sprinklers and a monitored fire alarm. Unit #1 is an end unit with 2 extra transom windows on the side for privacy plus more natural light. Located in Palmer Ranch, close to "dealership row" and steps to the Legacy Trail. Convenient access to downtown Sarasota, Siesta Key, Casey Key, and 2 miles from I-75.

Features

  • Rooms: 1
  • Laundry: None
  • Year Built: 2024
  • Garage: 4-car
  • Heating: Electric
  • Cooling: Mini-Split Unit(s)
  • Approx Sq. Feet: 1,008
  • Est. Taxes: $0
  • Condo Fee: $1,800 Annual
  • Lot Desc: Cleared
  • Pet Policy: No
  • MLS#: A4605501
  • Days on Market: 28 days
  • Website: https://www.raveis.com
    /prop/A4605501/6562palmerparkcircle_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 7/1/2024 9:17:16 AM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-388-4447

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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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Evelio MirandaInsurance Sales Director, William Raveis Insurance

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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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6562 Palmer Park CIRCLE, #1, Sarasota, FL, 34238

$429,000

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 $343,200 $343,200 $343,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.841% 7.159% 6.518%
Monthly Tax Payment $0 $0 $0
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,283 $2,281 $2,943
Total Monthly Payment $2,358 $2,356 $3,018

* 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.