RENOVATED, MODERN AND FRESH ** LOCATED ON THE 3RD FLOOR ** ENJOY SUBSTANTIAL CASH FLOW with SHORT TERM RENTAL PROGRAM ALREADY IN PLACE, 1 WEEK RENTALS ALLOWED ** Look no further than this open and bright 1 bedroom, 1 bath condo in sought-after Bay Oaks. This unit underwent many updates just 1 year and now boasts luxury vinyl flooring, coastal paint colors throughout, modern fans, contemporary furnishings/décor, new smart TVs with top-of-the-line technologies, gorgeous stone countertops in the kitchen and stainless appliances. The AC and water heater are newer, and you will love the stackable washer/dryer (many condos on Siesta Key are not equipped with private washer/dryers). The family room provides access to a screen patio/porch with a serene setting among the cascading oaks and peek-a-boo views of the community pool. Bay Oaks is located on the intercoastal side of Siesta Key with a variety of amenities that owners and guest love including- immediate access to a heated pool, tennis courts, 2 sets of convenient elevators in Building E, walkout pier/dock into the intercoastal, an abundance of visitor parking along with a private covered parking spot. Siesta Key is world-renowned for its sugar-powdered sand, recreational amenities directly off the public beach, refreshments and soaring palms with miles of “Caribbean-esque Gulf Waters”. Watch the sunrise over the intercoastal and step across midnight pass onto the public beach for sunset… This is the life : )
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Our Executive Mortgage Banker:
Our Insurance Division:
$519,000
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 | $415,200 | $415,200 | $415,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $348 | $348 | $348 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,762 | $2,760 | $3,501 |
Total Monthly Payment | $3,202 | $3,200 | $3,941 |
* 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.