***NEWER BUILD (Early 2024)***AVAILABLE 11/01/2024!!! Rent this single level EXECUTIVE HOME in the new, gated community of Magnolia Bay featuring 3 bedrooms, 2 full baths and an open floorplan. HIGH AND DRY, this home has withstood Debby, Helene and Milton with no issues. Airy, bright home has north/south exposure for plenty of light in the winter but, cool in the summer. 2nd and 3rd bedrooms can also be used as an office(s). Ample storage and parking with a large, 2-car garage and oversized driveway. This home is energy efficient and has hurricane-proof impact windows and glass! Covered patio overlooking a large backyard. Community pool and clubhouse (just a short block from the home) are almost completed! Fitness center, sports courts and more, coming soon! Conveniently located near I-75, with access to shops and restaurants plus short ride to downtown Sarasota and Venice. Only a few miles from the new Sarasota Memorial Hospital!!! Beaches are in close proximity to enjoy the sunny Florida days! Perfect time to rent and enjoy the high season with the best weather of the year! Tenant occupied but, easy to show even with short notice. Make sure to take the Virtual 3-D tour of the home. . . it's AMAZING!!!
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,695
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 | $2,156 | $2,156 | $2,156 |
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 | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $15 | $14 | $18 |
Total Monthly Payment | $90 | $89 | $93 |
* 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.