REDUCED FOR QUICK SALE-- COUNTRY LIVING IN THE HEART OF SARASOTA - Build your own home or a multi-generational Estate. Just buy and hold til you are ready to build - there are no time tables on when you are required to build! Design and build your home with your own builder. This lot offers opportunity to build your private Estate adding a separate wing for your guests or extended family. Build an additional detached garage for ANTIQUE OR LUXURY COLLECTOR CARS, MOTORHOME, AUTOMOBILES AND/OR BOATS. Spacious almost an acre and half lot right in the heart of Sarasota , offering you all this on the corner of Dunn Drive and Bee Ridge Road. You can replace the existing entrance wall with your custom permitted design. Flood Insurance not required!!!Live the lifestyle of country living with city conveniences of Sarasota. Where else could you build a home with the complete privacy of acreage in the heart of Sarasota. Why buy a separate "CAR CONDO" when you could have your own Luxury garage for Big Boy Toys or motorhome on same property as your home!! Close to shopping, Siesta Key Beach, Doctors Hospital, Home Depot, Walmart, I-75 and the finest Sarasota restaurants. You won't find anything else like this special lot. Many uses already in the RE2 - Residential Estate (1 Unit/Acre) current zoning. NO HOA Dues or CDD!! Central Water is available!! RARE SMALL COMMUNITY OF CUSTOM 25 HOMES with only this LOT AVAILABLE-- Saved the best for last - this lot allows your dream home and a separate detached garage for your big TOYS!!! Oh by the way - also plenty of room for a pool!! Run don't walk if you want this lot!!
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Our Executive Mortgage Banker:
Our Insurance Division:
$499,000
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 | $399,200 | $399,200 | $399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,656 | $2,653 | $3,367 |
Total Monthly Payment | $2,731 | $2,728 | $3,442 |
* 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.