Under contract-accepting backup offers. Discover the allure of 7127 42nd Ct E, a residence that epitomizes privacy, beauty, and unparalleled uniqueness. Situated majestically on the banks of a tranquil lake, this home boasts a setting unlike any other within the community, as it also overlooks a pristine preserve that stretches beyond the shimmering waters. Elevating the essence of exclusivity, this property offers an idyllic retreat, cocooned by the peaceful embrace of nature. The panoramic vistas of the tranquil lake seamlessly merge with the verdant backdrop of the preserve, creating a tapestry of natural splendor that defines the essence of this remarkable location. Beyond the borders of this residence lies a canvas of unmatched beauty, where the harmony of the lake and the preserve converges to create a haven for relaxation, reflection, and a profound connection with nature. Whether enjoying morning coffee on the lanai or unwinding in the evening to the sights and sounds of the untouched wilderness, this home offers a sanctuary that is as exclusive as it is enchanting. With an incredibly low annual HOA fee of just $550, this home becomes even more enticing! Nestled in a sought-after community, it boasts a heated pool and tennis/pickleball courts, providing abundant opportunities for both recreation and mingling with neighbors. And for those fond of furry friends, a newly developed county park featuring a dog park, pickleball courts, and a fitness trail is merely a 5-minute drive away, expanding the array of outdoor activities. Positioned adjacent to the University Parkway corridor, this residence ensures convenient access to premier shopping options, including Whole Foods, along with a diverse range of upscale and casual dining establishments. Within minutes, one can revel in the offerings of UTC Mall and Bendersen Park, catering to entertainment and leisure pursuits for individuals of all ages. For aficionados of beachside bliss, this locale is a true gem! Merely 20 minutes from downtown Sarasota, St. Armands Circle, and Lido Beach, it also boasts excellent proximity to the captivating coastlines of Longboat Key, Anna Maria Island, and Siesta Key Beach – each celebrated for their unspoiled beaches and coastal allure. This home truly encompasses everything and more! Seize the opportunity to indulge in a lifestyle that combines opulent living, community amenities, and an enviable location. Schedule a showing today and claim this exceptional residence as your own.
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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 | $412,000 | $412,000 | $412,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $200 | $200 | $200 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,776 | $2,738 | $3,474 |
Total Monthly Payment | $3,068 | $3,030 | $3,766 |
* 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.