No flooding or storm damage! Welcome to your dream oasis- a stunning property that combines modern comfort with easy living. Set in a prime location, this turnkey home is spread across a spacious 1211 sqft, boasting 3 beautifully appointed bedrooms and 2 full bathrooms.
Step inside to discover a bright and open layout, enhanced by soaring vaulted ceilings and an abundance of natural light streaming through skylights. The heart of the home is undoubtedly its kitchen, outfitted with sleek quartz countertops, a convenient breakfast bar, and upgraded lighting fixtures that set the stage for memorable gatherings. Sliders open to a lanai with tile flooring, offering a tranquil outdoor retreat for relaxation or entertainment. No flooding or damage from recent storm!
Notable recent updates include a central HVAC system, a freshly coated roof, and a charming, low-maintenance yard with no grass, ensuring hassle-free upkeep. The carport has been creatively transformed into an additional outdoor space, complete with tile flooring, proving that every corner has been thoughtfully considered.
Currently utilized as a short-term rental, this property offers an exceptional opportunity for investors looking to tap into Sarasota's lucrative rental market. With its superb location, modern upgrades, and flexible usage, 2957 Michigan St is more than a home - it's a lifestyle waiting to be embraced.
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Our Executive Mortgage Banker:
Our Insurance Division:
$534,000
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 | $427,200 | $427,200 | $427,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $342 | $342 | $342 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,842 | $2,839 | $3,603 |
Total Monthly Payment | $3,276 | $3,273 | $4,037 |
* 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.