Seize the opportunity to finish this first floor condo located at the beach. A corner unit with views across the garden due West to the beach. Almost 1200 sq ft of living space plus and additional glass enclosed Florida room of 170 sq ft. The unit owner will assign the insurance proceeds to the buyer to finish the property. See photos indicating the quality of prior finishes. The unit has a ton of natural light. Impact windows were installed in 2024. Beautiful porcelain floors. Some appliances, granite counters and fixtures will convey. The close proximity to the pool and beach are a favorite feature of the current owner. The unit offers 2 storage units.
The complex is rebuilding after the past hurricane season. It will be back better than before. It’s located a few minutes from dining and shopping at St Armands Circle and Sarasota’s cultural district in downtown. You are also steps away from Ted Sperling Park where you can kayak or paddle board through the mangroves while enjoying wildlife. Don't miss this opportunity to create your own coastal paradise!
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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 | $527,200 | $527,200 | $527,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.386% | 6.623% |
Monthly Tax Payment | $601 | $601 | $601 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,507 | $3,596 | $4,556 |
Total Monthly Payment | $4,200 | $4,289 | $5,249 |
* 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.