This is a very unique home and almost a one of a kind available in Sarasota county! If you are really looking for that home on 3+ acres where you have privacy, room to roam, your own dock, put your boat in the water & fish in your spring fed lake, then this is it! Across the street is the Myakka State Park which is over 8000 acres where you can fish, camp, hike, ride bikes, ride horses, hunt, camp on the Myakka River and explore this beautiful park. Great custom home and a great location too, only 3 miles to Wellen park, home of the Atlanta Braves new ball park, shopping, restaurants, 15 minutes to Englewood beach on Manasota Key, 20 minutes to down town Venice and 3 beaches, 10-15 minutes to I-75 where you can be in Sarasota in 30 minutes which has great restaurants and entertainment. Two major airports within about an hours drive too. Lake Geraldine is a 274 acre private community with homes from 2500 SQ FT to over 8000 SQ FT. There are 3 lakes in the community where you can have a private dock and a boat on some of them. Walking and hiking trails are around the lakes for home owners to use. Lake Geraldine is known as a "Community living in harmony with nature". There are two gated areas and one non gated area but all owners have access to everything with remotes and gate codes. The home is loaded with upgrades and built very energy efficient with impact glass. The whole house including garage & rear patio has foam insulation in the ceilings! This was a $8K upgrade. It also has a Lifetime roof with a 50 year warranty from Timberline. It has a upgraded dual stage A/C unit which saves big on the electric bills according to manufacturer. It is also plumbed for a outdoor kitchen on lanai already. Over sized garage door and garage, 8 FT high & garage is 24x28 feet long for oversized vehicles. R/O under sink system & home has a soft water system. This home is in a X flood zone now. The home site was raised during construction at the cost of over $22K. This is an exceptional home that will sell quickly. Don't miss this opportunity. More pictures & virtual tour coming soon! High speed internet & basic TV is included in the HOA fee.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.750% | 6.664% |
Monthly Tax Payment | $749 | $749 | $749 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,635 | $5,635 | $7,666 |
Total Monthly Payment | $6,509 | $6,509 | $8,540 |
* 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.