Motivated Seller – Cash Buyers Only!
Located in the vibrant and active 55+ community of Tri-Par Estates in Sarasota, FL, this 2-bedroom, 2-bath mobile home at 4850 Brae Burn Ave offers a fantastic opportunity for those seeking an affordable property in a prime location. This home, built in 1968 and boasting 960 sq ft of living space, is set in a neighborhood where you own your lot—no lot rental required! While there is an HOA, there are no HOA fees, and the community is taxed as a special district, meaning those taxes are added to your annual property taxes.
Important Updates:
Central HVAC system: Replaced in 2017
Membrane roof: Installed in 2018
Inside laundry room for added convenience
This home was recently affected by Hurricane Milton. The carport was completely ripped off the driveway, causing a portion of the shed roof to peel back. There is also minor damage to the back porch area, where the privacy lattice was blown down but can be easily replaced. However, the interior side of the home remains completely livable, and the seller encourages a home inspection to evaluate any concerns. Please note that the seller, elderly and relocating, will not be making any repairs and prefers to sell as-is.
The tenant currently in place is interested in staying if beneficial to the new owner, making this an excellent investment opportunity.
Tri-Par Estates is known for its active social scene with amenities galore! Residents enjoy access to a pool with a tiki hut, pickleball, shuffleboard, mini golf, and lively community events, including holiday parties. Plus, pets are welcome, so feel free to bring your furry family members! Conveniently located near SRQ airport, downtown Sarasota, and the top-rated beaches in the U. S. , this community offers both relaxation and entertainment at your fingertips.
Whether you’re looking for a personal getaway or an investment with a tenant in place, this home is ready for its next chapter.
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Our Executive Mortgage Banker:
Our Insurance Division:
$100,000
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 | $80,000 | $80,000 | $80,000 |
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 | $255 | $255 | $255 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $539 | $532 | $675 |
Total Monthly Payment | $869 | $862 | $1,005 |
* 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.