Situated high with no water damage from storms. Don’t miss this chance to own a beautifully renovated home in the highly sought-after South Gate community. This mid-century charmer features 3 bedrooms and 2 bathrooms, all situated on a generous and private corner lot. Upon entering, you'll be welcomed by a spacious living room, filled with natural light and new flooring. French doors open to a large, fenced backyard with an open-air pergola, perfect for creating your dream outdoor oasis. Additional outdoor spaces are easily accessible from the kitchen and bedrooms. The expansive kitchen is a chef’s dream, featuring a large island and solid wood cabinetry. The property also includes an oversized one-car garage with extra storage and a large side driveway. Recent updates include BRAND NEW HOT WATER HEATER SEPTEMBER 2024, renovated bathrooms, fresh interior paint, new flooring throughout, a new electric vehicle charging station, and upgraded fans and lighting fixtures. The optional HOA at the nearby South Gate Community Center offers a swimming pool and clubhouse, enhancing the sense of community. Conveniently located just minutes from Florida’s famous Siesta Key Beach, Sarasota Bayfront, the Legacy Trail, and the vibrant downtown Sarasota with its dining and shopping options, South Gate is perfect for those who want easy access to everything Sarasota has to offer. The seller says this property is situated so that it had no water intrusion from recent storms. Schedule your visit today!
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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 | $423,200 | $423,200 | $423,200 |
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 | $493 | $493 | $493 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,851 | $2,813 | $3,569 |
Total Monthly Payment | $3,436 | $3,398 | $4,154 |
* 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.