Escape to the Florida Sunshine with this move in ready, beautifully updated 2-bedroom, 1-bath retreat. Nestled in Fair Lane Acres, an active 55-plus, pet-friendly community, this comfortable home offers ample space and convenience for your snowbird getaway. Land Ownership NO LOT RENT, a low monthly maintenance fee of $131. This home boasts plenty of built in storage, and a separate shed with workshop and laundry facilities. The main bedroom has ample room for a king or queen bed for your comfort. There is an attached vanity area with tons of builit in storage for your belongings. There is a cozy 2nd bedroom that would nicely serve as a small bedroom, office or hobby/ crafts room. The open kitchen and dining area alongside a large flowing living room creates a welcoming space for entertaining friends and family or just relaxing. The whole house has been updated for your benefit with new kitchen and bathroom fixtures and fittings, new waterproof luxury vinyl flooring throughout, fresh paint throughout inside and out, new roof coating for added protection, new hot water heater for quick and energy efficient hot water use. Enjoy the inviting screened in front porch, perfect for chatting with neighbors and soaking in the Florida warmth. Take advantage of the community amenities, including a heated pool and a spacious clubhouse offering a variety of activities. With low HOA fees, this snowbird retreat is affordable and filled with opportunities for relaxation and socializing. You are also conveniently located near shopping, dining, the beautiful Gulf Coast beaches, and the Sarasota/Bradenton airport. Don't miss the chance to make this your escape to your sunshine home!! Financing will be considered to qualified buyers.
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$90,000
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 | $72,000 | $72,000 | $72,000 |
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 | $66 | $66 | $66 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $491 | $479 | $617 |
Total Monthly Payment | $632 | $620 | $758 |
* 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.