3416 Spanish Oak TERRACE, Sarasota, FL, 34237 | $175,000

This charming updated turnkey furnished 2 bed 2 bath home is in a gem of a community. In addition to the large North facing lanai with rattan furnishings, there is an open paver patio area out back. The dining and living rooms have ample room for visitors and a comfortable reclining loveseat facing the wall mounted flat screen TV. The kitchen and baths have been updated along with important items listed below.
Updates include: Elastomeric Roof Over 2018 both home and lanai, HVAC 2014 with new blower 8/2024, some windows updated, Sq D inside panel, WD termite treatment 2019, Shaker style cabinets and counters 2011, laminate flooring 2010 in main spaces, tile in baths and lanai, stackable washer/dryer installed in hall closet 2022. Both baths updated 2011, painted throughout, lanai tiled 2012 and has vinyl removable windows. hurricane shutters on East side. Sewer line updated 2010, plumbing is pvc and copper. Owner has added additional bracing to the carport.

Located in the ONLY Resident Owned Park in the City limits of Sarasota!! The gated 90 acre community boast low maintenance fee with its vast amenities starting with the large Clubhouse outfitted with a full commercial cook kitchen, event stage, audio/visual, dance floor, fitness room, activities hall, library with books/movies/puzzles and a pool table. Outside recreation includes an extra large heated pool with a handicap ramp, a spacious kidney shaped hot tub, ample tables and lounge chairs and remodeled shower rooms. Oak trees shade the beautiful park area, picnic tables and a community grill. Additional amenities to enjoy are the community putt putt course, bocce ball, ping pong, horse shoes and corn hole. Oakwood Manor is a highly social community with many groups and activities to be a part of. We are located adjacent to Legacy Trail and 12 new pickle ball courts managed by the City. Close to downtown, shopping and dining. Please note that Oakwood is a NO pet and NO motorcycle Park.

Features

  • Amenities: Cable TV, Clubhouse, Fitness Center, Gated, Park, Pool, Recreation Facilities, Shuffleboard Court, Spa/Hot Tub, Vehicle Restrictions
  • Rooms: 6
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Electric Dryer Hookup, Inside, Washer Hookup
  • Year Built: 1973
  • Garage: Covered, Driveway
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 984
  • Acreage: 0.1
  • Est. Taxes: $1,630
  • HOA Fee: $190 Monthly
  • Lot Desc: City Lot
  • Adult Communities: Yes
  • Pet Policy: No
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4631714
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/A4631714/3416spanishoakterrace_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 12/13/2024 2:30:22 AM)
Listing courtesy of PALM REALTY SERVICES LLC   Phone: 941-953-9682

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NMLS Mortgage Loan Originator ID 16953

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3416 Spanish Oak TERRACE, Sarasota, FL, 34237

$175,000

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 $140,000 $140,000 $140,000
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 7.339% 7.017% 6.120%
Monthly Tax Payment $136 $136 $136
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $920 $920 $1,172
Total Monthly Payment $1,131 $1,131 $1,383

* 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.