This 2 bedroom, 2 bath well maintained villa is located in Strathmore Riverside Villas; an active 55+ community with a canal that goes out to the Intracoastal Waterway, the Bay and Gulf. They have over 4, 000 feet of seawall to protect them from storms and were built on one of the few stone ledges on Florida's Suncoast, along the Phillippi River in Sarasota, adjacent to a residential area. From the boat basin and canal, you're just a few minutes by boat from the ICW and some of the finest fishing around. A quick drive takes you to Sarasota's most beautiful Gulf of Mexico beaches. . . or to modern marinas. Not only are the beaches close but shopping, theatres, the Ringling Musuem are a quick drive. This villa has been well maintained. In October of 2021 the owners had a Plumbing and Electrical Inspection, and all equipment passed. The Electrical Panel is only 9 years old, the A/C is 9 yrs. , the Water Heater is 8 years, and it has a temperature relief valve on top. The plumbing Inspection checked the Dishwasher, Refrigerator, Washer, Water Heater, Showers, Tubs, Toilets, sinks and main shut off valve were in satisfactory condition. The washer was replaced in Dec of 2022 and has a warranty thru Dec of 2025. The roof passed inspection after Hurricane Idalia came thru in Aug 2023 and since then has had 2 layers of Blackjack. Blackjack is a liquid applied thin paint like, asphalt-based coating designed to penetrate and seal foundation block walls below grade and Nasib art roof surfaces. This villa has Hurrican Windows, tile and Laminate Wood floors with Oak Veneer on top & 3/8" thick plus a cement floor in the dining area. Strathmore Riverside Villas is one of the most active communities in the area. The Clubhouse is well used. There are card games about 5 nights a week. Parties on a regular basis. An annual Shuffleboard Tournament followed by an Awards Luncheon. Bingo once a month, Pickleball is played away and lots of the residents enjoy it tremendously. There are Golf Groups, 9 &/or 18 holes and of course a Boating Group. If you like grilling at home, there is a place for your grill just steps outside of your dining room. It's called the Keyhole, because when first built the area was shaped like a keyhole. But you are also welcome to grill up by the pool. New exercise equipment was just purchased for the residents, and they only use commercial products. Besides the exercise equipment there is a ladies and men's sauna in the bathrooms closest to the pool. The pool deck is big and great for getting a suntan and meeting other residents. The community is pet friendly. They permit 2 pets no taller that 15" at shoulder height and pets should be leashed. The boat dock fees are very reasonable $1, 344/year. So, bring your boat, bring your pets and move into a socially active community.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $199,200 | $199,200 | $199,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $191 | $191 | $191 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,210 | $1,210 | $1,574 |
Total Monthly Payment | $1,476 | $1,476 | $1,840 |
* 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.