THE BEST VALUE PER SQUARE FOOT IN THE HAMMOCKS - PLUS HAS A NEW ROOF! This gorgeous 4 bedroom, 3 bathroom pool home exudes casual elegance with its updates and upgrades, and peace of mind is possible due to a BRAND NEW BARREL TILE ROOF, hurricane shutters, gas water heaters, and soothing preserve views. This one-story gem is move-in ready, has been high and dry through all hurricanes and storms, and could be yours by Christmas! The open floorpan is designed for both entertaining and privacy, ensuring that everyone has both room to gather together and personal space to retreat. There is also a BONUS ROOM AND OFFICE, so plenty of space for working from home. It has 3, 348 sf under air and is complemented by a 3-car side-facing garage. ** The updated gourmet kitchen is adorned with quartz countertops and backsplash and a gas range that make for a is a culinary enthusiast's dream, and the new addition of a bar area, featuring dual wine fridges and a stylish natural edge acacia wood counter, inspires the mixologist in you. Simply put, this house is ready for a party! The bonus room in the back wing is next to a full bathroom and bedroom, and together could easily be used as a mother-in-law or multigenerational suite. It would also perfect as an exercise studio, Zen den, game room, podcast studio, a second office, a movie theater, mancave, crafting room, or pool table parlor. ** The expansive pavered lanai is stunning with a perfect balance of shade and sun, a sparkling HEATED POOL AND SPA, an outdoor Florida kitchen with gas grill, gas fireplace, dining space, and outdoor living room. The custom office, featuring exquisite built-in cabinetry, is perfect for remote work or creative pursuits, and the feature wall makes for an excellent Zoom backdrop. ** RECENT UPDATES include a brand-new barrel tile roof with TRANSFERRABLE WARRANTY, zoned HVAC system, a kitchen refresh, the addition of the bar area, and pool heater and pump. ADDITIONAL UPGRADES: 8 foot doors, double crown molding, coffered ceilings, designer lighting, pocketing sliders, gas water heaters. ** Safe and sound in the gated community of The Hammocks and nestled within a serene preserve, this property is biking distance to Rothenbach Park, the Classical Academy and Lakeside Academy, and is also situated in an excellent public school district (Tatum Ridge Elementary, McIntosh Middle, Sarasota High). There is a bus stop for Pine View School for the Gifted that is biking distance, as well. For the athletes, it’s just minutes to five different golf clubs (Laurel Oak, which also has tennis and pickleball; Founders Club; Misty Creek; Bent Tree; and Gator Creek) plus NXGen Indoor Golf Studio for rainy days. The Hammocks is a wonderful neighborhood for all ages, with sidewalks throughout and a friendly vibe. Experience the perfect blend of quality, space, and location in this exceptional, move-in-ready home!
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
Monthly Tax Payment | $561 | $561 | $561 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,635 | $5,708 | $7,726 |
Total Monthly Payment | $6,321 | $6,394 | $8,412 |
* 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.