One or more photo(s) has been virtually staged. **THIS PROPERTY QUALIFIES FOR A 1. 5% LENDER INCENTIVE IF USING PREFERRED LENDER. INQUIRE FOR MORE DETAILS. ** Welcome to your new Palmer Ranch condo in the gated community of Serenade. This second-floor, corner unit offers 2 bedrooms, 2 bathrooms, and a private, screen-enclosed balcony—ideal for enjoying peaceful evening sunsets. Additionally, this unit includes a dedicated storage closet right outside the front door, with shelving for easy organization. Recent updates, such as a new HVAC system and water heater installed in 2022, add valuable peace of mind. Inside, you'll find an open and well-lit floor plan with natural light streaming in while the kitchen provides plenty of counter space and a pantry for all your storage needs. A breakfast bar offers a spot for casual dining, and the living area opens up to the balcony, which overlooks a quiet conservation area, making it a great space for relaxation or entertaining. The primary suite includes a walk-in closet, an ensuite bathroom, and scenic views. The second bedroom is thoughtfully designed for privacy, featuring a Jack-and-Jill bathroom that connects to the hallway, ensuring convenience for both guests and daily living. In-unit laundry adds to the practicality of this maintenance-free condo, where water, trash, sewer, and exterior upkeep are all covered by the monthly HOA. Serenade residents enjoy resort-style amenities, including two heated pools, a spa, a fitness center, tennis courts, a clubhouse, a kids' play area, and more. Conveniently located near shopping, dining, and the famous Siesta Key Beach, with easy access to I-75, this condo is a smart choice for both investors and those looking for a comfortable, low-maintenance lifestyle in Sarasota.
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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 | $231,920 | $231,920 | $231,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
Monthly Tax Payment | $246 | $246 | $246 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,543 | $1,524 | $1,956 |
Total Monthly Payment | $1,864 | $1,845 | $2,277 |
* 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.