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569 Channel LANE, Longboat Key, FL, 34228 | $1,050,000
Rarely available, two family zoned dwelling parcel in south Longboat Key. This multigenerational "one in from the bay" canal front home has sustained first floor water damage from most recent storms. Offering fantastic views of wildlife from approximately 160 feet of canal water footage, and Sarasota Bay, you will love the peaceful vibe of this property. There is a deeded day dock with 5 neighboring homeowners on Channel Lane where the insurance and maintenance is shared amongst the group. With this fantastic location you can walk or bike to Longboat Key Club, sandy beaches, entertainment, restaurants, and more. Close to St Armand's Circle, downtown Sarasota, and Sarasota International Airport. Renovate existing structure or design and build your dream home here. Property seawall was sold to Bay Harbour Condo Association and thus the maintenance is responsibility of the condo association. This property currently does not allow for a dock as the seawall is currently owned by Bay Harbour. This listing is cross listed as a vacant lot with ML A4630246.
Features
- Units: 2
- Laundry: Electric Dryer Hookup, Washer Hookup
- Year Built: 1950
- Heating: Electric
- Cooling: Wall/Window Unit(s)
- Approx Sq. Feet: 2,381
- Acreage: 0.22
- Est. Taxes: $11,315
- MLS#: A4630233
- Days on Market: 0 day
- Website: https://www.raveis.com
/prop/A4630233/569channellane_longboatkey_fl?source=qrflyer
Listing courtesy of COLDWELL BANKER REALTY Phone: 941-383-6411
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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- Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
569 Channel LANE, Longboat Key, FL, 34228
$1,050,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $840,000 | $840,000 | $840,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
| Monthly Tax Payment | $943 | $943 | $943 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,379 | $5,379 | $7,375 |
| Total Monthly Payment | $6,447 | $6,447 | $8,443 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388