PRICE ADJUSTMENT to reflect the minor damage from the recent storms. This is a RARE OFFERING of a preferred CANAL home located in LONG BEACH VILLAGE on LONGBOAT KEY, 4 blocks to the SOFT SAND BEACHES of the AQUA WATERS of the GULG OF MEXICO. This canal's location with beautiful VEGETATION across the canal makes it one of the MOST PICTURESQUE and SECLUDED expanses of land and water in all of Longboat. It is a fishers dream home with the waters teeming with fish/wildlife and a 3 year, all aluminum, elevator style 7, 000 POUND BOAT LIFT with platform, ramp and ladder. This canal has DIRECT ACCESS to LONGBOAT PASS, BEER CAN AND JEWFISH ISLANDS. Only 5 properties to open waterway. NO BRIDGES TO GO UNDER! This STURDY (METAL ROOF, CONCRETE BLOCK CONSTRUCTION and HURRICANE WINDOWS/DOORS) ISLAND HOME offers you the opportunity to do minor remodeling to this light and bright 2bdrm/2 bth canal front sanctuary. A/C, water heater, lower cabinets, doors and appliances are needed. You will be impressed with the view from the WALL OF WINDOWS of the mangrove lined waterway where you can WATCH DAILY VOGAGES of MANATEES and DOLPHINS. The dramatic style of the high ceiling in the dining area (popcorn ceilings removed throughout) of the open floor plan of the kitchen/living room/dining room, brings everyday spacious living that is perfect for entertaining friends and family. It will be a fun afternoon to be on the REBUILT COMPOSIT DECKING for your friend's luncheon. Or be cozy sitting around the wood burning fireplace for after dinner drinks. Some of the highly skilled construction of this home are fiber cement panel walls (AKA HARDIE BOARD) a few feet up from the PVC baseboards. The bedroom wains coating is vinyl and behind is CEMENT BOARD and then CONCRETE BLOCK wall behind. All windows, the entry door and back slider are 3 yr. old PGT impact low E with argon gas filled. All furniture and appliances have been removed. Outside you'll have a carport (could be converted to a garage), storage and washer/dryer closets. Your lifestyle doesn't end at boating. Take a stroll 4 blocks to the soft sand beach to play in the inviting and calm aqua waters of the Gulf of Mexico. Stay for the spectacular GREEN FLASH SUNSET! On the way back home stop in to socialize with the neighbors at one of the Village's favorite dining/drinking establishments on the BAYSIDE. You'll be convenient to the arts and entertainment districts of Sarasota/Bradenton, the world renown Ringling Museum and St. Armand's circle, many tennis/pickle ball courts and golf courses/clubs and places of worship. Nearby is SRQ airport and I-75 for trips to Orlando's amusement parks, Tampa, Naples or Miami's night life! Make an appointment to see this great value that has been price adjusted to reflect the minor damage from the recent storms. This is a great opportunity to live a new lifestyle! Or make money as an investment property for vacationers/snowbirds! Act now in this tax year! Quick closing possible.
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William Raveis Mortgage, LLC
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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 | $692,000 | $692,000 | $692,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $797 | $797 | $797 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,488 | $4,431 | $6,076 |
Total Monthly Payment | $5,377 | $5,320 | $6,965 |
* 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.