3332 Overcup Oak TERRACE, Sarasota, FL, 34237 | $159,000

Comfortable Bungalow style 2 bed 2 bath home located in the ONLY Resident Owned Park in the City limits of Sarasota!!
The kitchen is quite spacious and has a pantry with additional storage cabinet. Dining room is adjacent to the kitchen and living room and has an oval table set and bamboo design double server that opens to give additional buffet style serving space. The living room has a newer reclining sofa and chair set, flat screen TV and other furnishings. Just off the living room are sliders to the large Florida Room with wall to wall windows and a separate entry door. This North facing Florida room allows for shading/all day use. The primary suite has 2 twins that can be made into a king and dresser set. There is a walk in closet and wall closet with decorative doors. The en suite bath has a single vanity and step in shower. The guest bedroom has 2 twin beds and decorative closet doors as well. The guest bath is has vanity, tub/shower combo and linen closet. The washer/dryer are housed in the large shed along with a utility sink and lots of storage space/shelves. AC and water heater are older but running just fine. Main rooms have Berber carpet, kitchen and baths have linoleum and Florida room has outdoor carpeting.
Updates: Main house has a Galv Metal Roof Over with lots of life span left, the Florida Room has an Elastomeric Roof Over. installed 2010. Both roofs were inspected in 2023. Most windows have been updated, the East and South windows have hurricane shutters. Sewer line was replaced 2017.
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, Park, Pool, Recreation Facilities, Shuffleboard Court, Spa/Hot Tub, Vehicle Restrictions
  • Rooms: 6
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Electric Dryer Hookup, Outside, Washer Hookup
  • Year Built: 1973
  • Garage: Covered, Driveway
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 960
  • Acreage: 0.1
  • Est. Taxes: $1,646
  • HOA Fee: $180 Monthly
  • Lot Desc: City Lot
  • Adult Communities: Yes
  • Pet Policy: No
  • Appliances: Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
  • MLS#: A4605806
  • Days on Market: 103 days
  • Website: https://www.raveis.com
    /prop/A4605806/3332overcupoakterrace_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 11/18/2024 11:35:58 PM)
Listing courtesy of PALM REALTY SERVICES LLC   Phone: 941-953-9682

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NMLS Mortgage Loan Originator ID 16953

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3332 Overcup Oak TERRACE, Sarasota, FL, 34237

$159,000

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 $127,200 $127,200 $127,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.582% 7.171% 6.518%
Monthly Tax Payment $137 $137 $137
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $868 $845 $1,091
Total Monthly Payment $1,080 $1,057 $1,303

* 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.