Discover the endless potential of this inviting 3-bedroom, 2-bathroom home on the coveted north end of Siesta Key. Nestled on a sprawling 13, 345 sq ft lot with 97 feet of frontage on serene Lake Norma, this property offers a unique opportunity. Whether you choose to fix up the existing residence or build your dream home from the ground up, the possibilities are abundant. The home features a range of enhancements from renovations completed in 2015, including updated electrical and plumbing systems, a durable metal roof, and a thoughtfully designed addition. The gourmet kitchen boasts lake views, soft-close cabinetry, stainless steel appliances, updated flooring, and charming wood ceilings. Additional features include spacious front and rear covered patios, a renovated master bathroom, and an enclosed carport. Gather around the cozy wood-burning fireplace in the open living area for relaxed evenings with loved ones. Perfectly positioned just minutes from the renowned Siesta Key Beaches and vibrant downtown Sarasota, this home effortlessly blends convenience with serene coastal living. Its location near the north bridge provides easy access on and off the island, with the added bonus of close proximity to the quaint Siesta Key Village and the esteemed Out-of-Door Academy. Embrace this incredible opportunity to either transform this gem into your ideal tropical haven or create a brand-new masterpiece in one of Siesta Key's most desirable locations.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,199,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $959,200 | $959,200 | $959,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.250% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.336% | 6.348% | 6.201% |
Monthly Tax Payment | $373 | $373 | $373 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,906 | $5,906 | $8,094 |
Total Monthly Payment | $6,404 | $6,404 | $8,592 |
* 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.