This large Bayou Oaks home boasts fresh exterior paint, a professionally landscaped front yard, flexible floorplan and convenient location. Many updates have been made including new AC (2023), roof (2019), water heater (2019), and kitchen cabinets with butcher block counters. The covered entryway opens to the first living space which leads into the kitchen and dining area. A breakfast bar provides additional seating in the spacious kitchen. Opening to the fully fenced backyard an oversized living room with cathedral ceilings leads to a bonus room (which features a private entrance to the yard). With 3 bedrooms + bonus room, two distinct living rooms, a generous kitchen and dining area this home offers space and flexibility while maintaining proximity to everything Sarasota has to offer. Downtown Sarasota is just 2 miles from the home and can be easily accessed by bicycle on a popular dedicated bike lane. Ringling College and it's regular art gallery walks is just 0. 5 mile from the property. Easily accessible within 2 miles of the property are the Sarasota/Bradenton Airport, the Bay Park (including the Van Wezel theatre, Art Center Sarasota, Sarasota Orchestra, and the Sarasota Municipal Auditorium), and Sarasota's up-and-coming Rosemary District. In addition to being the home of Ringling College the Bayou Oaks neighborhood is also home to the Sarasota Succulent Society and the lush 18 acre North Watertower Park. Lido Beach's crystal quartz sand, the popular University Town Center Shopping area, and I-75 can all be easily accessed in 15 minutes. The property is located in an X flood zone which does not require flood insurance.
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Our Executive Mortgage Banker:
Our Insurance Division:
$330,000
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 | $264,000 | $264,000 | $264,000 |
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 | $143 | $143 | $143 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,734 | $1,734 | $2,210 |
Total Monthly Payment | $1,952 | $1,952 | $2,428 |
* 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.