Nestled in the quiet community of Oakwood Gardens, this second-floor one-bedroom, one-bathroom condo offers the perfect blend of comfort and convenience, complete with a newer A/C unit. As you step inside, you're greeted by a bright and airy living space, ideal for relaxing after a day at nearby Siesta Key Beach or exploring downtown Sarasota. The open floor plan seamlessly connects the living area to a cozy dining nook and kitchen, creating an inviting space to unwind. The condo provides ample storage with multiple closets, including a walk-in closet in the generously sized bedroom.
Beyond your doorstep, the community features a sparkling pool, perfect for cooling off on warm Florida days. With condo fees covering cable, water, trash, and pest control, you'll enjoy a maintenance-free lifestyle, giving you more time to enjoy the local amenities. Conveniently located just minutes from Trader Joe's, Walgreens, and other essential shops, this condo is perfect for those who want to be close to it all. You’ll be less than 2 miles from world-famous Siesta Key Beach and about 3 miles from downtown Sarasota.
These units rent for $1, 500 to $1, 700 monthly, making it an excellent investment property with established rental history. Additionally, the unit below is also for sale, presenting a rare opportunity to purchase two condos in this quiet community. Whether you're seeking a personal retreat or a smart investment, this condo is not to be missed!
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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 | $109,600 | $109,600 | $109,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | $115 | $115 | $115 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $720 | $728 | $924 |
Total Monthly Payment | $910 | $918 | $1,114 |
* 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.