Attention Investors, home builders and anyone looking to make 3135 Alta Vista their dream home. LOCATION! LOCATION Bellevue Terrace! Fantastic opportunity whether rehabbed or build-to-suit on this Spacious 8, 025 sq foot lot. You will find brand-new custom homes are being built throughout this highly desirable area. The top level has 3 bedrooms with original hardwood floors and 2 full baths. The lower level has large living room, half bath and kitchen. The lower level has a large bonus room that lets lots of light in. The property has a single car garage and side parking for RV or Boat. The backyard has mature trees and is fenced. This home is just minutes to downtown Sarasota and a very close proximity to the Lido Beach, Legacy Trail, Payne Park, Sarasota High School, Alta Vista Elementary School, & Sarasota Art Museum. This home gets extra points for its central location. Sarasota City Limits allow for great flexibility for short term rentals on Air BNB, VRBO and short term rentals. Located in the 1-week rental zone. No HOA! Close to the sun kissed beaches of Sarasota, downtown, cultural venues, Big Olaf Ice cream, Yoders Fresh Fruit and Vegetable Market, YMCA, and Locklear Park everything is just minutes away. This can bean amazing investment and with some TLC its charm can easily be fully restored or tear it down and build your dream home. There is a short drive to Siesta Key Beach, Lido Beach, St Armand's Circle, & Sarasota Memorial Hospital. Remediation has been completed, the appliances, drywall and cabinets have been removed. SOLD AS IS. The interior of this property is now a blank slate to restore to your tastes for your perfect home or income producing weekly rental. Move quick. Don't miss out.
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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 | $280,000 | $280,000 | $280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | $24 | $24 | $24 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,934 | $1,886 | $2,382 |
Total Monthly Payment | $2,033 | $1,985 | $2,481 |
* 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.