GROUND FLOOR two bedroom/two bath condo with an open living room which flows into the glass enclosed Florida room with private wooded rear view and back deck, creating a marvelous space for entertaining friends. The kitchen features ample cabinets and counter space and is conveniently located off the dining room along with and front outside courtyard area in which to entertain or relax and read quietly. Retreat in the master suite offering a large walk-in closet and sliding glass doors to the Florida room. Pelican Cove is a deed restricted gated community located next to Little Sarasota Bay and short distance to downtown Sarasota and Siesta Key beaches. Pelican Grove is situated on 75 acres of tropical lush paradise with deep water marina with direct access to the bay, 87 boat slips, kayak launch, 6 pools, 4 tennis courts, 3 clubhouses, kayaking, fishing pier, fitness, music/performing arts, exercise room, full calendar loaded with social activities and roadways covered by canopy of majestic trees. Just move-in and start enjoying the Florida lifestyle.
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Our Executive Mortgage Banker:
Our Insurance Division:
$280,000
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 | $224,000 | $224,000 | $224,000 |
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 | $257 | $257 | $257 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,547 | $1,509 | $1,905 |
Total Monthly Payment | $1,879 | $1,841 | $2,237 |
* 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.