2700 Coconut Bay LANE, #3I, Sarasota, FL, 34237 | $225,000

OWNER FINANCING AVAILABLE! Welcome to your home in Sarasota Palms. This 2-bedroom, 2-bath home features hurricane-grade windows, freshly repainted walls, tile flooring in the main areas, and brand-new laminate flooring in the bedrooms with a 35-year warranty and soundproof underlayment. The kitchen is equipped with granite countertops, stainless steel appliances, and a convenient washer/dryer combo, while the bathrooms showcase new medicine cabinets and mirrors. The spacious primary bedroom boasts a walk-in closet and en-suite bath, and the living area is enhanced with crown molding. Step out onto the screened lanai to enjoy peaceful pond views. The community offers a pool, tennis courts, and a dog park. Convenient to downtown, a walkway from the community will lead you right there. A crossing guard is on duty for Tuttle Elementary during the school season. Directly outside the building, you will find two destination chargers available for electric vehicles. With a 2020 water heater, recent grout cleaning, and a host of thoughtful updates, this condo is move-in ready and perfectly located for enjoying the best of Sarasota living.

Features

  • Elevator: Y
  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Levels: 1
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: In Kitchen, Inside
  • Complex: SARASOTA PALMS
  • Year Built: 1974
  • Approx Sq. Feet: 1,010
  • Est. Taxes: $2,286
  • Condo Fee: $430 Monthly
  • Lot Desc: City Lot
  • View: Water
  • Elem. School: Tuttle Elementary
  • Middle School: Booker Middle
  • High School: Booker High
  • Pet Policy: Breed Restrictions, Size Limit, Yes
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • MLS#: A4631614
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4631614/2700coconutbaylane_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/12/2024 4:34:47 AM)
Listing courtesy of KELLER WILLIAMS ON THE WATER   Phone: 941-729-7400

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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
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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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2700 Coconut Bay LANE, #3I, Sarasota, FL, 34237

$225,000

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

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $180,000 $180,000 $180,000
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 $191 $191 $191
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,167 $1,153 $1,495
Total Monthly Payment $1,432 $1,418 $1,760

* 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.