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Under contract-accepting backup offers. **LISTED BELOW APPRAISED VALUE** Welcome to Morning Glory Ridge, a quaint little neighborhood in a great location in Sarasota, FL with NO HOAs and NO CDDs. Roughly 10 minutes to downtown Sarasota, 15 minutes to Siesta Key, 20 minutes to St. Armand's Circle, and 20 minutes to Sarasota-Bradenton Airport. This “newer” home was built in 2020 and sits on nearly a 1/3-acre lot at the end of a dead-end street. As soon as you enter the home, you’ll appreciate the bright and open floor plan with high 10 ft ceilings. The kitchen features granite counters, stainless steel appliances, tile backsplash, soft close drawers, and beautiful light fixtures. The bathrooms are gorgeous with quartz counters. No need to worry about hurricanes in this house as all the windows are impact rated as are the doors, sliders and garage door. Great for keeping insurance rates and energy costs down too. Outside you’ll enjoy your large, covered lanai and private yard…with plenty of room for a pool. The long driveway provides ample parking, and the oversized 2-car garage offers plenty of room for extra storage. Several newer homes have been built in this older Sarasota neighborhood, but it’s not easy to find one for sale so call today to schedule your own private showing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$670,000
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 | $536,000 | $536,000 | $536,000 |
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 | 7.815% | 7.159% | 6.538% |
Monthly Tax Payment | $548 | $548 | $548 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,566 | $3,562 | $4,596 |
Total Monthly Payment | $4,206 | $4,202 | $5,236 |
* 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.