Welcome to the waterfront community of Gulf Cove. This home is one of a kind with direct access to the Myakka River and beyond. It features a 2021 dream 2-Bay Detached Garage with a workshop on the adjacent lot. The home and garage are equipped with all things hurricane related (windows/shutters, roofs, garage doors, etc). The pool has been resurfaced completely and is surrounded by a beautifully paver deck. Inside is where you will find a completely renovated kitchen with an added custom cabinetry area adjacent to the kitchen for additional storage and serving. Myakka River is known for its incredible fishing. The dock has also been completely redone, including the pilings. Additional improvements, master bath vanity and countertop, Rheem water heater, re-roofed house in 2020 with new skylights and vents, hurricane main garage door, R-30 insulation, new pool cage, HVAC compressor and air handler with Allied Brand. Apart from this home which includes the adjacent lot with garage, there is another adjacent lot for sale separately, 5097 Ackley Terrace.
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Our Executive Mortgage Banker:
Our Insurance Division:
$799,900
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 | $639,920 | $639,920 | $639,920 |
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 | $465 | $465 | $465 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,257 | $4,253 | $5,487 |
Total Monthly Payment | $4,814 | $4,810 | $6,044 |
* 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.