LAND VALUE ONLY. TEARDOWN READY FOR YOUR NEW BUILD! Your opportunity to live with partial views of Sarasota Bay in highly sought after marina community. This is being sold for the land as the current structure has recent storm damage. This property is ideal location for your new build! In addition to creating the home of your dreams the community is a Park and Recreation District with a marina, boat launch, pool, beach on Sarasota Bay, community center, post office, kayak storage and launch, beach pavilion, and so much more. Desire an active lifestyle? Shuffleboard, pickleball, bocce ball? Boating? Sunning at the pool or relaxing in the hot tub? joining in bingo, card games, art activities or one of the many clubs that makes this community great. This is a 55+ community and deed restrictions apply. Optional boat slips may be rented for an average of $650 a year! (not a typo, not a month) (Property details such as 2 bedroom is based on potential new build as current property is a teardown. )
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Our Executive Mortgage Banker:
Our Insurance Division:
$109,900
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 | $87,920 | $87,920 | $87,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $151 | $151 | $151 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $592 | $584 | $741 |
Total Monthly Payment | $818 | $810 | $967 |
* 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.