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.
Land
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:
$389,000
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 | $311,200 | $311,200 | $311,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,044 | $2,068 | $2,624 |
Total Monthly Payment | $2,119 | $2,143 | $2,699 |
* 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.