OPPORTUNITY IS KNOCKING! For the first time in 50 years this home has had water intrusion brought on by recent storms (less than 4 inches). This home has been remediated and is waiting for a fresh update from new owners! Photos are from before storm and a few showing remediation. ALL PROCEEDS FROM FLOOD INSURANCE TO BE GIVEN TO NEW OWNERS. . . . . THIS IS THE BEST WATERFRONT VALUE IN SARASOTA. . . RARELY AVAILABLE WATERFRONT VILLA ON LITTLE SARASOTA BAY IN BAYWOOD COLONY! PET FRIENDLY! ENJOY SPECTACULAR SUNSETS, FISHING AND BOATING FROM YOUR OWN PRIVATE DOCK WITH LIFT, JUST STEPS FROM YOUR BACKDOOR! This maintaince-free home features a private front courtyard, 2 bedroom split-floor plan, 2 baths, open living area, one car garage and a spacious all-season Florida room. Great as a primary or seasonal residence and buyers who love the boating life! This beautiful community also features a pool and clubhouse nearby for your enjoyment. This home is a short bike ride to Siesta Key beaches, quick access to downtown Sarasota, golf courses, cultural activies and world class dining. EXPERIENCE THE PERFECT LOCATION AND WATERFRONT LIVING AT ITS BEST! See why everyone is moving to SARASOTA!
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Our Executive Mortgage Banker:
Our Insurance Division:
$659,000
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 | $527,200 | $527,200 | $527,200 |
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 | $567 | $567 | $567 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,507 | $3,504 | $4,520 |
Total Monthly Payment | $4,166 | $4,163 | $5,179 |
* 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.