Renovated Two-Bedroom in Downtown Sarasota! After a total transformation and update to meet improved building and hurricane regulations, The 101 Condominiums emerged as an outstanding choice in Downtown Sarasota. This fantastic location offers unmatched convenience for everything you need. You know you have found something special from the moment you set foot in the area. A bright and inviting lobby sets the tone for the exceptional quality found throughout the building. The updates in this residence are impressive and make a similar statement. It provides lovely city views of South Palm Ave during the day and sparkling city lights at night from its 10th-floor location. The two-bedroom, two-bath floor plan includes a private covered balcony, hurricane windows, and doors for added peace of mind. The modern kitchen boasts granite countertops, high-quality cabinetry with built-in pantry storage, and recessed lighting. The customary package of stainless-steel appliances remains. The breakfast bar overlooks a spacious great room with areas for both living and dining. Lovely luxury vinyl plank flooring can be found in most rooms. The primary suite has a walk-in closet and an updated personal bathroom. The guest quarters have another upgraded bathroom and a secondary bedroom, complete with a convenient laundry closet with a Bosch washer/dryer. There is attached garage parking for one car, though you might find it unnecessary as everything you need is a short distance. The newer A/C system and water heater are bonuses. Building amenities include a heated swimming pool, a sun patio, a fully equipped fitness center, a mailroom, a club kitchen with social spaces, and a studio room for dance, yoga, and other fitness activities. Across from Sarasota Bay, the city marina and waterfront park, it is in the heart of a vibrant area filled with excellent restaurants, shops, and art galleries. The Opera House is just around the corner, and the Cinema Arts Theater is down the street. It is only five minutes from the chic St. Armand's Circle and the scenic Lido Beach. Consider yourself truly fortunate to have discovered this wonderful residence. Please note the furniture is negotiable if interested.
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Our Executive Mortgage Banker:
Our Insurance Division:
$700,000
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 | $560,000 | $560,000 | $560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.204% | 7.159% | 6.256% |
Monthly Tax Payment | $536 | $536 | $536 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,679 | $3,722 | $4,723 |
Total Monthly Payment | $4,307 | $4,350 | $5,351 |
* 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.