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Stunning Home on 1/4 Acre in Desirable Gulf Gate! This immaculate and updated home in the highly desirable Gulf Gate community is a rare find. Set on a spacious 1/4 acre lot, the property features beautiful wood floors throughout, with tile flooring in the bathrooms and the indoor laundry room. The laundry/utility room includes a sink and plenty of space for storage, as well as a large table for crafts, sewing, or any other projects you can imagine! The home has been meticulously cared for, including a new roof installed in 2018 and an updated flat roof over the Florida Room. The modern kitchen has quartz countertops, and the windows throughout the home are double-pane and hurricane-proof, with the exception of the lanai windows and sliding door which have hurricane-proof shades. Plumbing pipes were recently updated with "cured in place lining" technology. Enjoy excellent curb appeal and an oversized backyard filled with lovely mature foliage, beautiful plants, and even a spa. The backyard also features fruit-bearing avocado, lemon, and banana trees, along with two lanai areas, one that is air conditioned, and the other has been recently extended to maximize outdoor living. This serene oasis is perfect for relaxation and enjoyment. Additional highlights include ample storage space, a two-car garage, and the home’s prime location within minutes of world-famous Siesta Key, A+ rated schools, Gulf Gate Library, Gulf Gate Shops and Restaurants, and Legacy Trail. Gulf Gate is a deed-restricted community (with an optional annual HOA fee) known for its friendly neighbors, sidewalks, and reputation as one of the best neighborhoods in Sarasota. Don't miss this outstanding opportunity to own a piece of paradise in Gulf Gate!
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Our Executive Mortgage Banker:
Our Insurance Division:
$530,000
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 | $424,000 | $424,000 | $424,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.125% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.880% | 7.295% | 6.644% |
Monthly Tax Payment | $415 | $415 | $415 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,857 | $2,857 | $3,664 |
Total Monthly Payment | $3,364 | $3,364 | $4,171 |
* 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.