Prime location in Sarasota’s Westlake Estates is a private community built in the late 70’s early 80’s is just minutes from award winning schools, shopping, Sarasota Memorial, and the alluring Siesta Key! This wood frame and block construction home was built in 1984 offers a split floor plan 3 bed, 2 bath, 2 car garage, pool home awaits your creativity and TLC! The front double doors create an inviting entrance to welcome family and friends while the 1, 703 square feet of living space allow for comfort and room to relax. This home will be the perfect place to entertain with a solar heated, screened pool. This home offers peace of mind with a Trane air conditioning unit installed in 2019 with air ducts also replaced in 2019, enhanced attic installation, roof installed in 2020 with solar panels for pool, 1 hurricane rated bay window in front of the house (wood framed wall) all other windows are original, hurricane rated garage door installed 2018, only 1 sliding glass door is hurricane rated (wood framed exterior wall) that was installed in 2018 all others sliders are original also in a wood frame wall. The kitchen has original tile floor, original kitchen cabinets, and formica countertop. Primary bath is also all original cabinet, sink, facet, tile floor and tile shower. Due to multiple hurricanes over the last 3 years this home has sustained damage to the pool (leaks and needs to be resurfaced), back fence is down, some soffit areas are exposed, water interred into the attic from hurricanes, exterior lights are broken/damaged, pool deck cracked, pool screen damaged, and home is in need of TLC. This quiet, private, community of just 73 homes, Westlake Estates is located just south of Red Bug Slough Preserve spanning 72 acres of dog friendly trails, butterfly gardens, picnic areas and fishing piers.
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Our Executive Mortgage Banker:
Our Insurance Division:
$599,000
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 | $479,200 | $479,200 | $479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.295% | 6.538% |
Monthly Tax Payment | $221 | $221 | $221 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,188 | $3,228 | $4,109 |
Total Monthly Payment | $3,501 | $3,541 | $4,422 |
* 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.