According to analysts, home prices will increase in 2025 and interest rates will drop so maybe you ought to schedule a showing today of this promising property before you tell yourselves, "Shoulda', coulda', woulda'. . . "
About the property:
•Located in the Pine Trace subdivision near public transportation, retail, schools, restaurants, within 10-15 minutes from the mall and Sarasota’s infamous Circus Arts Conservatory.
•Built in 1987, within a NON-FLOOD zone area, this cozy home features tons of natural lighting and a spacious comfortable floorplan consisting of:
-High ceilings, large living room with ceiling fan and glass sliders leading to the enclosed lanai, dining area with an elegant lighting fixture, and a separate breakfast room also naturally lit from the sun shining through the glass sliding doors leading to the west side property.
-Spacious kitchen to entertain large gatherings includes granite countertops, cabinets galore, a pantry, and all appliances: refrigerator, microwave, stove, dishwasher.
-Inside utility room equipped with the washer, dryer, shelves, and an additional storage closet!
-Master bedroom also features glass sliding doors leading to the lanai and a private bathroom that includes a skylight providing natural lighting all day and night, a private water closet, walk-in shower, two separate vanities with granite countertops, two medicine cabinets, a walk-in closet, a built-in closet as well as a linen closet – so no worries about closet space in the master.
-Guest bedroom includes a built-in seating area by the window, ceiling fan, closet, and wood flooring.
-2 car garage includes automatic door opener, remote, houses the water heater and access to the attic.
-A fully enclosed lanai with lighting fixtures and a ceiling fan to enjoy some R&R.
-Reroof installed in 2011 by and maintained by the Association. Kitchen appliances including washer, dryer, electric water heater, HVAC and condenser all installed new in 2019.
•Properties like this are a dream for many so take action now instead of listening to fear mongering hype because Florida's real estate market is on a continuous upswing with no downward shift in sight.
•Measurements including square footage are an approximation. Buyers are encouraged to independently verify all information herein.
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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 | $295,200 | $295,200 | $295,200 |
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 | $365 | $365 | $365 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,915 | $1,890 | $2,451 |
Total Monthly Payment | $2,355 | $2,330 | $2,891 |
* 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.