Welcome to your spacious home in the heart of Bradenton in Fair Lane Acres! This is a active 55+ community and you do not want to miss this to own your own land and home. A couple of modern updates to this home will make it a worthwhole investment for a year round resident or seasonal oasis. With updated bathroom and kitchen, this turnkey home is perfect to start while adding a few personal touches to call home. This thoughtfully designed living space, boasts 1 bedroom with a second furnished for guests. This home highlights many updates with updated laminate flooring, and weathered the 2024 hurricane season with strength to stand tall. There are two storage spaces, indoor washer and dryer with a large carport to enjoy the great outdoors. Fair Lane Acres is one of the few pet friendly, land owned communities close to area transit and 20 minutes to the beach. Close to restaurants, shopping, golf and fishing! With easy access to major arteries to easily stay in town or head east or west. Do not miss the opportunity to make this stunning and beautiful property your own!! This home won't last and is ready for you to call home. Call today to schedule your private showing!!
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Our Executive Mortgage Banker:
Our Insurance Division:
$110,000
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 | $88,000 | $88,000 | $88,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.352% | 7.042% | 6.160% |
Monthly Tax Payment | $70 | $70 | $70 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $578 | $578 | $737 |
Total Monthly Payment | $723 | $723 | $882 |
* 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.