Spacious rooms, water views, tray ceilings and fabulous location, it’s all here for you at 4978 Cedar Oak Way in Sarasota. This exceptional residence in the Three Oaks neighborhood in Sarasota, Florida, features 2, 242 square feet of versatile living space, 3 bedrooms, an office, 2-1/2 baths and a generous fully screened lanai with water views.
On the fence about whether you like open concept or defined spaces? Get the best of both! The separate living and family rooms connected by decorative openings, provide distinct areas for relaxation and entertainment. The living room is enhanced by a convenient wet bar, perfect for hosting gatherings.
The kitchen includes a breakfast bar and pantry and is open to the living room for easy conversation. Those with an eye for interior design possibilities will appreciate the recessed lighting, architectural niches and attractive flooring throughout the home.
Step outside to a spacious enclosed lanai, ideal for adding a hot tub or enjoying bug-free evenings outdoors—a coveted aspect of Florida living. The lawn is efficient to maintain with its irrigation system which is fed from a well.
The primary suite features an en-suite bathroom with both a walk-in closet and a reach-in closet for ample storage, a soaking tub and separate shower. Guest bedrooms are located on the opposite side of the house, ensuring privacy for all. An office/den serves as an excellent room to work-from-home.
The builder thoughtfully situated and designed this home to feature water views from the primary bedroom, living room, family room, kitchen, and a guest bedroom.
Three Oaks has low HOA fees and no CDD fees. Families will appreciate the proximity to top-rated schools: Ashton Elementary, Sarasota Middle School, and Riverview High School. This home is conveniently situated close to Siesta Key's stunning beaches, vibrant downtown Sarasota, Sarasota Memorial Hospital, the expressway, and many other conveniences.
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Our Executive Mortgage Banker:
Our Insurance Division:
$605,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $484,000 | $484,000 | $484,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.443% | 7.133% | 6.256% |
Monthly Tax Payment | $286 | $286 | $286 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,261 | $3,217 | $4,082 |
Total Monthly Payment | $3,639 | $3,595 | $4,460 |
* 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.