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3085 Bay Oaks CIRCLE, Englewood, FL, 34223 | $885,000
OFFERING IS FOR LAND ONLY. (Although the house can be repaired under it's 50% rule)
It's an ideal location to rebuild on this very private oasis surrounded by live oaks, with a spectacular one-mile view looking East over a mangrove hedge across Lemon Bay. Because the dock is on the S edge of this lot and the neighbor's dock is on the N edge, the vista is especially broad.
The dock with boat lift was redecked in 20223 but sustained hurricane damage. The seller has an estimate to replant poles and straighten the dock walkway. It is currently unsafe to walk on the dock.
Unharmed and intact on the property are a 2-car garage, a shed/golf cart garage, and a 40X12 ft lap pool with lights, a solar cover, and a panorama cage. The configuration of this lot is ideal for a rebuild. It's large (. 44 acres), surrounded by trees, and can incorporate the existing garage and pool while maintaining and even enhancing the magnificent view. The last view shows a sketch of one conceptional option. ( Photos: 1-7 aerial; 8-14 pre-hurricane; 15-20 post-hurricane)
Features
- Rooms: 5
- Bedrooms: 3
- Baths: 2 full
- Lot Size: 100 x 210
- Laundry: Laundry Room
- Style: Cottage
- Year Built: 1968
- Garage: 2-car
- Heating: None
- Cooling: None
- Approx Sq. Feet: 1,777
- Acreage: 0.44
- Lot Size: 100 x 210
- Est. Taxes: $14,908
- HOA Fee: $200 Annually
- Lot Desc: Flood Insurance Required, FloodZone, In County, Key Lot, Landscaped, Private
- View: Water
- Elem. School: Englewood Elementary
- Middle School: L.A. Ainger Middle
- High School: Lemon Bay High
- Pool: Gunite, In Ground, Lap, Screen Enclosure
- Pet Policy: Yes
- Appliances: None
- MLS#: D6139288
- Days on Market: 9 days
- Website: https://www.raveis.com
/prop/D6139288/3085bayoakscircle_englewood_fl?source=qrflyer
Listing courtesy of MICHAEL SAUNDERS & COMPANY Phone: 941-473-7750
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
3085 Bay Oaks CIRCLE, Englewood, FL, 34223
$885,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $708,000 | $708,000 | $708,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.750% | 6.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.286% | 6.874% | 6.972% |
| Monthly Tax Payment | $1,242 | $1,242 | $1,242 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,710 | $4,592 | $6,265 |
| Total Monthly Payment | $6,044 | $5,926 | $7,599 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388