Live in the heart of downtown Sarasota in this turnkey furnished one-bedroom condo with exceptional city views from your private balcony. This modern 1 bed, 1 bath condo is an incredible opportunity to live in the middle of it all: restaurants, boutiques, shops, and farmer markets all just downstairs. The bay and marina are just a few minutes walk away. Walkability score of 96! On the 6th and top floor, this single level, open floor plan, has plenty of natural light with features such as high ceilings, large Italian-style shower, contemporary light fixtures and custom kitchen cabinetry. Enjoy other features such as granite countertops, top of the line stainless steel appliances and newer ceramic tile flooring throughout the residence. The private balcony is accessible from both the living room and bedroom and provides beautiful city views. The 1500 State Street building was built in 2017. Very flexible with rentals: 1 month lease minimum, 12 allowed per year. This location offers a unique lifestyle and is walkable to all that downtown Sarasota has to offer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$675,000
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 | $540,000 | $540,000 | $540,000 |
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 | $486 | $486 | $486 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,593 | $3,547 | $4,554 |
Total Monthly Payment | $4,171 | $4,125 | $5,132 |
* 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.