This three bedroom three bath pool/canal front home is located on a quiet cul-de-sac just behind Siesta Key village. It is walking distance to the village, as well as the "locals" beach at the end of Avenida Messina. The home was infiltrated by 4 inches of water during Helene and ServePro began mitigation 36 hours later. They sprayed mildewcide and fungicide and then dried out the home for 4 days. It was remediated, and renovations were started. Two of the bedrooms are en-suite. The living room, family room and one bedroom room has access to the lanai and pool area. Canal access to the intercoastal, and ultimately the Gulf of Mexico takes approximately 25 minutes. Areca Palms are on the back side of the lanai and provide privacy for the south facing pool, which is a prime spot to enjoy our Siesta Key sunsets. Replacement Ace Davit motor plate system is about $800-900 each. Replacement cabling and the electrical controllers (about $500). The A/C and air handler were replaced 9/30/2021. The Water heater is an A. O. Smith Professional and was installed 11/10/2023. The Refrigerator was replaced 3/2/2024. Pool pump replaced 11/24. All were working post Helene. Fantastic location and great opportunity. This home was last offered for sale in 1971.
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$1,400,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,120,000 | $1,120,000 | $1,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $331 | $331 | $331 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,264 | $7,171 | $9,834 |
Total Monthly Payment | $7,720 | $7,627 | $10,290 |
* 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.