No hurricane problems here! impact windows and storm curtains on the lanai helped to keep this home safe. Also located in an X flood zone! This beautiful home located in "west of the trail", Southbay Yacht and Racquet Club is a very sought after location. One of the few communities with it's own marina and very reasonable dock rental fees only available to homeowners in the community. This home as been renovated and updated inside and out and offers warmth and charm just perfect for a coastal community. Southbay offers a lively community with actives for all ages. Plus walking paths, playground, kayak launch and storage, community pool, jet ski slips, tennis and pickleball courts, bocci ball, fitness center and a renovated clubhouse perfect for all the activities that are offered. The large marina off the ICW will accommodate just about any size boat. Lookout Point Park is the perfect place to watch the sunset over the intracoastal waterway. the amenities in this home are plenty! HURRICANE RATED WINDOWS ON THE FRONT AND SIDE WERE INSTALLED 2007. HURRICANE SHADES IN LANAI PROTECT ALL REAR SLIDING GLASS DOORS, The expansive LANAI RENOVATED IN 2022 and features a 4" extension on the back and side, new screen enclosure with full-view, new pavers and pool tiles along with custom waterfall bowls. Plus an outside patio area perfect for your grill. Inside the home renovations include decorated coffered ceiling in the greatroom and dining room, bump-out bay in the greatroom, custom kitchen including Fisher Paykel double dishwasher, Sub-zero refrigerator, Wolfe cooktop, built in oven and microwave, wine cooler, breakfast bar area plus a center island. Plenty of room for casual dining opens to the greatroom plus a formal dining room with sliding glass doors o the lanai. Two of the three sliding glass doors have full extension pockets lining glass doors - perfect for letting the outdoors in and make for a large entertaining area. The kitchen window also telescopes back to open completely - another great entertaining feature. Just off the master bedroom is an extra large bonus room currently used a s a music room. This space has endless possibilities such as a quiet retreat for an office and private lounge area, a workout room, extra sleeping are for guests. . . just use your imagination and enjoy the extra space! Also included is a spacious 12x11 utility room with epoxy floor, a great space that is your Florida basement! The wide double doors from the utility room lead to the outdoors and make a separate entry into the bonus room. or could be used as a golf cart storage area. MAIN LIVING AREA PAINTED 2023, UNDERGROUND SEWAGE PIPES RE-LINED 2022. FULL HOUSE HVAC REPLACED 2010 AND REFURBISHED IN 2020. MOST OF THE ROOF REPLACED 2010, located on a cut-de-sac street with the walking path behind the property. The sellers have taken meticulous care with the landscaping and is a delight to see! The Southbay location is convenient to both downtown Venice and Sarasota, shopping, restaurants and major roads. No CDD fee! Also close to renowned Pineview School. Come take a look for yourself and see why this home in Southbay may be just what you are looking for!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $920,000 | $920,000 | $920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.375% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.498% | 6.579% |
Monthly Tax Payment | $371 | $371 | $371 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,891 | $5,740 | $7,951 |
Total Monthly Payment | $6,387 | $6,236 | $8,447 |
* 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.