Under Construction. Private. Upscale. Secure. Introducing Sarasota/Lakewood Ranch's newest, luxury garage condominiums - Car Collective! Now under construction with completion scheduled this Fall 2024, Car Collective is an exceptional garage condominium facility specifically designed to provide a secure and hurricane impact-rated space for storing your valuable assets, with a special focus on car collections. At Car Collective, we offer more than just storage; it's a place where owners can cherish their prized belongings in a social and engaging setting. At Car Collective you will find a community of discerning garage condo owners with private, climate-controlled garages of different shapes and sizes with high ceilings to accommodate everyone’s needs. Customizable in many ways. An escape from work and home, Car Collective is a place where condo owners have the space and freedom to tinker while listening to music or watching TV or simply enjoying peace and quiet. The possibilities are nearly endless! A complete workshop? Yes! A mezzanine lounge for additional square footage? Absolutely! Metal plate cabinets and benches? Of course! A lift? Big screen TV and sound system? A Coke or pinball machine? A poker table and popcorn maker? As an owner, your garage condo is yours to customize, decorate and use as you like. It is your garage and your space. Floor plans range in size from 800 - 2215 sq ft. Each unit includes a half bath, separate utility sink, WiFi, HVAC, fire sprinklers, utility sink, parking in front of each unit. The community is gated with advanced security measures, has a detail bay, and is built high and dry, 38. 2' above sea level and able to withstand Cat 4 storm. 11 garage condos will be built, 5 are now under contract. Car Collective is a real estate asset with the freedom of ownership.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$607,000
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 | $485,600 | $485,600 | $485,600 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,272 | $3,227 | $4,095 |
Total Monthly Payment | $3,364 | $3,319 | $4,187 |
* 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.