Under contract-accepting backup offers. Welcome to your dream home in the Residences at University Groves! This stunning custom-built Mediterranean-style residence combines elegance with modern comfort in one of Sarasota’s most sought-after locations. With 3 spacious bedrooms, 2 bathrooms, 1 bedroom is currently being used as an office wall bed will remain. This home is perfect for both relaxation and entertainment. Tuscan Style Architecture: 8’ doorways, barrel roof tiles, and stucco finishes give this home its unique, timeless charm. The expansive Open Floor Plan offers a Seamless flow between the living, dining, and kitchen areas, ideal for gatherings. The chef’s kitchen includes stainless-steel appliances, granite countertops, and custom cabinetry. The Primary Suite Retreat includes a spacious bedroom with walk-in closet, dual vanities, and a walk-in shower. Resort-Style Pool and Patio. Enjoy Florida’s sunshine year-round in your private backyard oasis with a sparkling pool, covered screened lanai, summer kitchen, and lush tropical landscaping with an expansive unobstructed view to the rear yard. Elegant interior finishes include ceramic tile and luxury vinyl plank flooring, crown molding, 10’ tray ceilings, and large windows add to the luxurious ambiance. Convenient Access: Located minutes from SRQ Airport, making travel a breeze. Shopping and Dining: Close to the upscale University Town Center (UTC) Mall, featuring top dining, shopping, and entertainment options. Beaches and Nature: A short drive to Sarasota’s world-famous beaches, golf courses, and scenic parks. This home is perfect for anyone seeking a serene Florida lifestyle with the convenience of a prime location. Do not miss your opportunity to own this special property. Low HOA fees and no CDD fees. Reclaimed irrigation water and lawn maintenance included in HOA fee.
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Our Executive Mortgage Banker:
Our Insurance Division:
$579,000
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 | $463,200 | $463,200 | $463,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $600 | $600 | $600 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,082 | $3,079 | $3,972 |
Total Monthly Payment | $3,774 | $3,771 | $4,664 |
* 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.