"Lakefront" Updated, End Unit Condo like no other in sought after "LAKE ARROWHEAD"! Make this beautiful waterfront oasis yours today! Have your morning coffee on the lanai watching the wildlife & birds! Lake Arrowhead is truly a hidden gem in South Sarasota and you will love the updates. No shortcuts on the newer, quality, custom kitchen cabinets, quartz counters, stainless appliances & a breakfast bar. Throughout most of the condo is very large porcelain tile. Listed as unfurnished but most furniture may be purchased. The private, primary bedroom suite is on the 2nd floor and offers a large walk-in-closet and a very tranquil view of the lake. The 2nd & 3rd Bedrooms are on the first floor (3rd bedroom has been converted to a bar area & has a private bath and walk-in-closet that overlooks the lake and could easily be converted back). The Great Room with high ceilings has a large sliding glass door that opens onto the spacious, covered lanai with a peaceful view. There is a covered carport, a 3x7 storage unit and guest parking available as well. The Key West clubhouse is steps away next door and it overlooks a heated community pool. It also offers a large community room, kitchen, library, grill area, fishing pier & wooden dock. You will love this maintenance free community that offers everything you could desire and is located next to the 72-acre Red Bug Slough Preserve that is pet friendly & has several miles of hiking trails, a playground, picnic shelters & a fishing dock. Lake Arrowhead consists of 64 condos which is conveniently located to everything, including the World Famous Siesta Key Beaches, Legacy Trail, Costco, Several Fitness Centers, A+ Schools, Gulf Gate Library, Gulf Gate Shops & Fine Restaurants. UTC Mall & Cultural Downtown Sarasota are within 20 minutes for great restaurants, opera, movies & more! Make this your favorite place to relax & unwind as you are surrounded by tropical landscaping & lake views from nearly every room. Come & see this quality condo; EZ show!
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Our Executive Mortgage Banker:
Our Insurance Division:
$399,000
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 | $319,200 | $319,200 | $319,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.000% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.182% | 6.412% |
Monthly Tax Payment | $200 | $200 | $200 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,124 | $2,124 | $2,715 |
Total Monthly Payment | $2,399 | $2,399 | $2,990 |
* 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.