Welcome to your dream home in the highly sought-after University Place community! This ever-popular 3-bedroom plus a Den, Neal Communities Burgundy floor plan, offers a perfect blend of comfort and versatility. The great room with vaulted ceilings presents an open and airy living space that’s perfect for entertaining. The spacious den can serve as a home office or guest room. Your gourmet kitchen has solid wood cabinets, quartz counters, a Wolfe gas stovetop, a Bosch oven, and a stainless steel vent. Relax with your favorite beverage in your screened-in lanai as you enjoy a beautiful expansive lake view with a stunning fountain. This home is pre-plumbed and ready for your custom pool installation. An oversized lot offers plenty of space for outdoor activities and future expansions. The extended garage with a motor court entrance has ample parking and storage. In a prime location close to UTC shopping and dining, with easy access to downtown Sarasota and its famous beaches, this amenity-rich community of University Place includes two recreation areas with heated pools, spa, outdoor dining to grill your favorite meal, fitness center, playground and more. Its vibrant community life is simply the best. Don’t miss out on this exceptional opportunity for a property that combines versatility, convenience, and a phenomenal view. Schedule your private tour today and experience the best of Florida living!
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Our Executive Mortgage Banker:
Our Insurance Division:
$595,000
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 | $476,000 | $476,000 | $476,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $424 | $424 | $424 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,167 | $3,127 | $4,014 |
Total Monthly Payment | $3,683 | $3,643 | $4,530 |
* 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.