Welcome home to this beautifully updated 3-bedroom 4th-floor corner unit. Savor your favorite glass of wine and breathe in gorgeous views of the Palm Aire golf course from the cool comfort of your living room and the third bedroom. This sweet condo has been tastefully remodeled with new kitchen, baths, flooring, interior paint, and water heater. You’ll love the open-floor plan with vinyl plank floors, plantation shutters, and verticals throughout. Sliders open up to let the breeze through. Whether you need an income property or a warm place to escape the cold Northern winters, this is the perfect one. There is no waiting time to lease and short 30-day rentals are allowed. This beautifully updated condo would make a great vacation home for you and your family. The clubhouse and a good-size community pool is a convenient short walk across the street to the right. Enjoy peace of mind, as this building has just had a new roof put on (2024). Membership to the Palm Aire Country Club is not mandatory. However, you might be tempted to join, as the club features two 18-hole championship golf courses, two community pools, eight tennis courts, a pickleball court, a fitness center, an on-site restaurant, and ample opportunities to make new friends at their fun social events. Laundry is located in a common area on the same floor, and it's free. Palm Aire is conveniently located off University Parkway, just a few miles to I-75, the UTC mall, and more. Its proximity to a variety of fine restaurants and exquisite shopping add to its many benefits. Bonus point--it's only a short 15-minute drive to all the excitement in Downtown Sarasota.
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Our Executive Mortgage Banker:
Our Insurance Division:
$300,000
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 | $240,000 | $240,000 | $240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $300 | $300 | $300 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,597 | $1,595 | $2,024 |
Total Monthly Payment | $1,972 | $1,970 | $2,399 |
* 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.