Welcome to the finest Sarasota Country Club lifestyle in Laurel Oak Estates, a premier guard-gated community. Built with superb craftsmanship, this Gary Stewart custom-built home was designed for total privacy, comfort and entertaining. The formal and informal living spaces separate the 3 distinct bedroom wings while the Office/Study is private and could serve as a 4th bedroom for overflow company. The expansive screened lanai beckons you to relax and lounge while enjoying private views and lush landscaping. Have the peace of mind knowing the roof was replaced in 2023! An air-conditioned storage room in garage was designed to be a third bay and can easily be converted as such to allow for plenty of room for two vehicles and a golf cart. The screened entrance patio leads to the beautiful single door with etched glass inserts and etched glass side lights plus a wide transom window above adding to the flow of natural light in the home. Designer upgrades include art niches, high ceilings, crown molding, kitchen island, and expansive primary bedroom. The kitchen and family room combination is the hub of the home and is flooded with natural light and easy access to the generous undercover lanai space; ideal for ease of al fresco dining and truly a lovely fresh-air retreat. The grand living room and dining room feature a wall of double sliding glass doors leading to the lanai for the ultimate indoor-outdoor Florida lifestyle. An ideal lock-and leave second home or care-free style primary residence where lawn maintenance is included in your HOA fees in this enclave of 18 homes in the Lakeside East neighborhood within Laurel Oak Estates. Sellers were the original homeowners. Exceptionally well maintained, the home boasts neutral colors and an abundance of storage. Offering endless possibilities and potential, this is well worth the look at this price point in a sought-after community. Beyond the backyard hedge is the green of the 6th hole of the Player Golf Course. Laurel Oak Country Club memberships are strictly optional. Laurel Oak homeowners are given priority going to the top of the wait list for membership. Laurel Oak Estates is comprised of 813 fenced acres with 405 homes. 24/7 guarded entry gate, miles of 8-foot wide sidewalks, winding roads, and it is well managed and maintained. The Laurel Oak lifestyle is second to none. LOCC has two golf courses, tennis, pickle ball, jr Olympic size pool, 45, 000 square foot clubhouse and an active social calendar.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.200% | 6.748% | 6.786% |
Monthly Tax Payment | $771 | $771 | $771 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,785 | $4,605 | $6,315 |
Total Monthly Payment | $5,648 | $5,468 | $7,178 |
* 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.