This is your opportunity to experience the perks of nearby million-dollar condos at a fraction of the price! Beautifully updated throughout, the residence includes hurricane-impact windows and sliders, upgraded electrical and plumbing, a modern kitchen, an open floor plan, tile flooring throughout, and in-unit washer/dryer. Additionally, it's one of the few units that feature a highly desirable oversized private terrace/balcony (7. 5' x 32'). This outdoor space is perfect for creating a personal city oasis for gardening, dining, or entertaining. Enjoy the best of Sarasota living from this coveted Palm Ave/Gulfstream address, offering unbeatable convenience. You'll find Sarasota Bay, Bayfront Park, a marina, tiki bar, Marina Jack's restaurants, theaters, art galleries, dining spots, the farmers market, and Whole Foods all a short distance away. This city-view residence is ideally situated on the amenities level from where you can enjoy mesmerizing sunsets and stunning Sarasota Bay views. Owners enjoy direct access to the heated pool, club room, BBQ area, and fitness/yoga rooms. This meticulously maintained unit is part of The 101 Condominium (formerly known as Dolphin Towers), a building that has received extensive structural upgrades over the years. It is currently nearing the completion of a major exterior stucco replacement and painting project, which will make it one of Sarasota's best condominium buildings from its era. The building has successfully passed its Milestone inspections, and prices are expected to rise once construction is complete so don't miss out on this opportunity to enjoy life in the heart of Downtown Sarasota.
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Our Executive Mortgage Banker:
Our Insurance Division:
$625,000
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 | $500,000 | $500,000 | $500,000 |
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 | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $190 | $190 | $190 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,327 | $3,323 | $4,217 |
Total Monthly Payment | $3,609 | $3,605 | $4,499 |
* 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.