Under contract-accepting backup offers. Discover the perfect blend of comfort and convenience in this expansive 4-bedroom, 3-bath home, nestled in the sought-after community of University Groves. Spanning just over 2800 square feet, this property includes a versatile bonus room—ideal as a 5th bedroom, home office, TV room, or workout space, adapting effortlessly to your changing needs over the years.
The home features a three-car garage, providing ample space for vehicles and storage. Enjoy the luxury of a heated pool and a generously sized covered lanai, prepped and ready for a summer kitchen, perfect for entertaining and relaxing in style. You'll have plenty of time to relax as the yard is taken care of by the HOA.
Located conveniently off University Parkway, this home is less than 5 miles from the bustling University Town Center, offering a plethora of shopping and dining options. Plus, you're less than 10 miles from the pristine white sands of Lido Beach, making it easy to indulge in sun-soaked weekends and beachside getaways.
This residence is not just a house, it’s a place to call home for years to come, providing all the essentials for a comfortable, stylish, and convenient lifestyle in Sarasota. Don’t miss out on this incredible opportunity—make this beautiful house your new home today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$695,000
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 | $556,000 | $556,000 | $556,000 |
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 | $815 | $815 | $815 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,699 | $3,653 | $4,689 |
Total Monthly Payment | $4,606 | $4,560 | $5,596 |
* 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.