Opportunity is knocking, don’t miss out! With very few homes for sale in the gated community of Marbella, this 3 bedroom, plus office, 2 bath home is rare offering. If you are seeking a home in the heart of South Sarasota, look no further. With low association fees of $1, 500 annually, this is the perfect place for full-time residents and snowbirds alike. Wood flooring and tile throughout the main living area make for low maintenance inside. With numerous sliders and windows, the interior of this home is filled with natural light. There is plenty of space for loved ones and visiting guests to spread out with a formal living room, a kitchen that opens to a den, a formal dining room, master bedroom and ensuite bathroom, and two additional good-sized bedrooms. Do you have the freedom to work from anywhere? The office featuring built-ins with tons of shelving and storage, and a window seat with custom plantation shutters, will make your work hours productive and pleasant. And when it is time to relax you can enjoy the inground pool and spa in the screened lanai. Situated in the northwest section of Palmer Ranch, the location of this home is prime. Gorgeous beaches, the Legacy Trail for bikers and joggers, and numerous dining, shopping and healthcare options are all within a short drive. You can access the Interstate within minutes, and travel to downtown Sarasota to take in all this vibrant area has to offer. This house is ready for you to come and make it your home sweet home.
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Our Executive Mortgage Banker:
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$620,000
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 | $496,000 | $496,000 | $496,000 |
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 | $335 | $335 | $335 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,300 | $3,342 | $4,253 |
Total Monthly Payment | $3,727 | $3,769 | $4,680 |
* 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.