Total of . 79 acres and 218+ feet of Laurel Rd street frontage (Lots 1, 2, 3, 4, 5) which is sited between 2 streets (Grove St and Forest St). This parcel is less than 1 miles from Legacy Trail, 2. 4 miles from the newly built Sarasota Memorial Hospital - Venice. Currently zoned RSF-3.
Parcel ID's 0170-01-0023 and 0170-01-0020 can be sold individually or together. 0170-01-0023 is LOTS 3 4 & 5 BLK B LESS R/W FOR LAUREL RD DESC IN OR 2044/2118 LAUREL GROVE which has 2 residential buildings and a 1, 440 sqft detached garage plus shed. 0170-01-0020 is LOTS 1 & 2 BLK B LESS R/W FOR LAUREL RD IN OR 2044/2140 LAUREL GROVE Detached garage is rented and back residence is currently occupied. Carport on back building is no long there and therefore not included. Front residence unit 406 needs repair. Property is sold AS IS.
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William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $716,000 | $716,000 | $716,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.500% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.606% | 6.622% | 6.680% |
Monthly Tax Payment | $251 | $251 | $251 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,644 | $4,526 | $6,237 |
Total Monthly Payment | $4,987 | $4,869 | $6,580 |
* 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.