Welcome to this inviting single-story home located in the desirable South Gate neighborhood of Sarasota, Florida! With 1, 705 square feet of comfortable living space, this property features 3 spacious bedrooms, 2 full bathrooms, and an attached 2-car garage complete with a workshop—ideal for projects or extra storage. The interior boasts an open floor plan that seamlessly connects the living, dining, and kitchen areas, perfect for both everyday living and entertaining. Enjoy the sunlit ambiance of the cozy sunroom, which provides a wonderful spot to relax or transform into a home office. Step outside to find two lovely patios—a welcoming front patio and a large rear patio overlooking a beautifully landscaped backyard. The lush greenery is maintained by a well water irrigation system, offering an environmentally friendly and cost-efficient way to keep the garden thriving year-round. Located just minutes from Sarasota’s vibrant downtown, sandy Gulf beaches, and top-rated schools, this home combines convenience with an easy Florida lifestyle. Don’t miss this opportunity to own a piece of paradise in one of Sarasota’s most sought-after communities!
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Our Executive Mortgage Banker:
Our Insurance Division:
$560,000
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 | $448,000 | $448,000 | $448,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.159% | 6.518% |
Monthly Tax Payment | $180 | $180 | $180 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,056 | $2,978 | $3,841 |
Total Monthly Payment | $3,328 | $3,250 | $4,113 |
* 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.