Under contract-accepting backup offers. Nestled in the highly sought-after Southgate neighborhood, this versatile 2-bedroom, 2-bathroom home offers endless possibilities for relaxation, entertaining, and personal transformation. With its exceptional location and welcoming ambiance, this home is an incredible opportunity for families, first-time buyers, or investors alike! Step into your private oasis, featuring a screened-in pool and an expansive covered patio, perfect for enjoying the Florida sun or hosting lively gatherings. The patio has been thoughtfully converted into an extended living area, adding versatility to the home. With its easy access to the second bathroom and abundant storage, it’s ideal for cozy dinners, guest hosting, or simply unwinding in style. Inside, you’ll find an inviting family room highlighted by a charming fireplace and built-in shelving, ideal for showcasing your favorite decor. The home also features a flexible bonus room, accessible through sliding doors from Bedroom 2, making it perfect as a third bedroom, home office, yoga studio, or creative space to suit your lifestyle needs. Enjoy the convenience of a 1-car carport and spacious living areas, including a formal dining room, living room, and family room. Just a short walk to Sarasota Memorial Hospital, Publix, Morton’s Gourmet Market, and the delightful shops of Southside Village, everything you need is at your fingertips. For beach lovers, iconic Siesta Key Beach is an easy 8-minute drive, while downtown Sarasota and St. Armand’s Circle are only 3 and 10 minutes away, respectively. While this home may need a little TLC, its location and charm make it an ideal canvas to create your dream home. Embrace the Sarasota lifestyle in a safe, quiet, and picturesque neighborhood just minutes from shopping, dining, and the area’s world-renowned beaches. Don’t miss your chance to make this vibrant property your own!
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$490,000
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 | $392,000 | $392,000 | $392,000 |
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 | $442 | $442 | $442 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,608 | $2,605 | $3,306 |
Total Monthly Payment | $3,125 | $3,122 | $3,823 |
* 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.