Under contract-accepting backup offers. Now is your opportunity to move into the exclusive community of Golden Gate Point. With riveting water views at any hour, this inviting condominium features that real estate chestnut, location, location, location! Golden Gate Point is island-ward of downtown, at the foot of the John Ringling Bridge. A splendid micro-community of luxury properties, the neighborhood has sidewalks and mature plants and a charming brick paved road. This building faces west toward the sunsets, toward the bay and toward John Ringling Bridge. Always a feast for the eye. The feeling of being on an island and yet so close to the theater district, to downtown Sarasota and all it offers, and equally a short distance to St. Armands and Lido Beach and all you can do and experience there. This unit has an updated kitchen, with textured glass tiles in the kitchen, stainless steel appliances. In the corridor is a stacked washer and dryer, right next to the large storage and flex space off the second bath. Both bedrooms have hardwood floors that were cut, installed and polished to fit the rooms. The windows have been upgraded and include impact glass bay side. 174 has a community day room and patio, and a day slip for its owners, meaning you can arrive with your boat, pick up guests and depart, returning later to drop off your guests. This condominium represents the best value on Golden Gate Point today! Updated units in similar buildings on Golden Gate Point have been selling for over $1 million. This is your chance to get in at a desired location. If you want to live in a desirable location but your budget does not reach into the millions, this is your opportunity. Comfort. Beauty. Sanctuary. Luxury. Location. Location. Location.
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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 | $639,200 | $639,200 | $639,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $884 | $884 | $884 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,415 | $4,306 | $5,437 |
Total Monthly Payment | $5,391 | $5,282 | $6,413 |
* 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.