WONDERFUL WEST OF THE TRAIL DEVELOPMENT OPPORTUNITY! Have you been spending countless hours staring at your phone into the wee hours of the morning scrolling through properties that just don’t fit the bill… not to mention driving the wheels off your car every weekend since God knows when trying to find the needle in the haystack? WE HAVE THE FIX, so put down the phone and save your gas money for more important things. Picture this… you’re sitting on the back porch of your NEW Florida Dream Home, overlooking the tranquil waters of your custom-designed pool, whilst sipping on your favorite brew and listening to birdsong; all the while being two streets removed from Sarasota Bay! Nestled in the peaceful and coveted Downtown Sarasota Suburb of Whitfield Estates, flanked by landmarks such as the Ringling Museum and a plethora of Historic Residences that have played host to some of the most esteemed members of high society going back 100 years, and serving as one of the ONLY remaining develop-able properties in the area. This pristine lot is the perfect opportunity to build to suit whether you fancy yourself a developer looking to achieve the highest price per square foot, or a family looking to build their Florida dream home; the choice is yours. This property is further enhanced boasting an optional HOA of ONLY $30. 00 annually, NO CDD FEES, and minimal restrictions. Whether you’re an avid boater looking to take advantage of the community boat ramp, or you like being close enough… yet just far enough away from the hustle and bustle of the shops and local eateries of Downtown Sarasota or a short ride from one of our many world-renowned beaches; this slice of paradise affords something for everyone. It’s commonly been said “The value is in the land”, and in case you haven’t noticed… they’re not making any more of it anytime soon. DO NOT ALLOW THIS OPPORTUNITY TO SAIL OFF INTO THE SUNSET WITHOUT YOU!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$199,900
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 | $159,920 | $159,920 | $159,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,037 | $1,024 | $1,328 |
Total Monthly Payment | $1,112 | $1,099 | $1,403 |
* 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.