There is peace of mind with electric hurricane shutters across the enclosed lanai. When you go away or a storm is brewing you can lower the shutters. You can leave patio furniture out on the lanai at all times. This unit has many upgrades! Both bathrooms have walk-in showers. There are secured bars in the shower for security. This property comes TURN-KEY. Furniture is traditional. It will be so easy to add personal touches to make it your own. Being on the second floor provides a panoramic view from the lanai. One can watch golfers on Tara's fifth hole, and take in the entire neighborhood.
The kitchen is a great place to start your day making plans. This condo has the Class A Membership to Tara Golf & Country Club in the equity, which means you can start playing golf the day you close! Enjoy 18 holes on the newly refurbished course; then have a swim in either the Terraces community pool or at the main pool where you can also grab lunch at Nancy's Snack Shack. By that time, you head home to decide about dinner. Cook out at one of the many gas grills located on the property in the Terraces, or head back to the Club to meet friends at the gathering bar and have dinner in the Grill Room. Reservations are highly recommended. The area with the bar and Grill Room is the place to be!! Your day can also be full with playing Pickleball ( new courts being built in 2025), Bocce Ball, Bridge, or Mah -jongg. Work out at the state of art fitness center. Activities galore where some days you don't even leave the property! Tara is so conveniently located close to Interstate 75. One exit south gets you to the UTC Mall and Sarasota Airport. In less than an hour you can be in the Tampa/St Pete area where you can find professional sports teams for hockey, baseball and football. Take a ride out to Lakewood Ranch Main Street, where you can stroll through the quaint shops or take in a movie.
The condo primary bedroom has a great view of the golf course from the patio door. There is an updated attached bathroom and large walk-in closet. The second bedroom at the other end of the condo provides privacy for your guests The guest bathroom also has been updated, and just steps away from the second bedroom. Laundry closet has shelving above. The kitchen has a pass through window which makes it so easy to entertain guests at the dining room table. Nice size living area for having neighbors over for social hour.
There is a $5000 equity contribution at closing if Buyer does not already live in Tara. $720 a year food minimum. To play golf, you only pay cart fee. Covered carport, and lots of extra parking available throughout the community of the Terraces.
HOA fee covers water, trash, sewer, exterior maintenance, all landscaping, roof, and HOA building insurance. Master Tara fee provides high speed WIFI and premium cable. This condo needs to be seen to appreciate the decor, and views from the lanai.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $183,920 | $183,920 | $183,920 |
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 | $68 | $68 | $68 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,270 | $1,239 | $1,564 |
Total Monthly Payment | $1,413 | $1,382 | $1,707 |
* 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.