Take Note: PRICE REDUCED! When you’re looking TO BUILD on LONGBOAT KEY, this unique LOT is ready for construction. Property includes SURVEY and COMPLETED PLANS for a 3Bd/2Ba Pool Home designed by the noteworthy SANDHOFF CONSTRUCTION firm. Located midway between Anna Maria Island and St. Armand’s Circle, this special lot borders on the 32-acre Joan DURANTE PARK nature preserve and includes DEEDED ACCESS to pristine WHITE-SAND GULF BEACHES and the calm waters of SARASOTA BAY. A home at this location will also be a short distance to Euphemia Haye (one of this area’s WORLD-CLASS RESTAURANTS) and Harry’s Continental Kitchen and Deli, just one block from POLICE AND FIRE substations, and a short drive to a wide variety of SHOPPING and SERVICES. Assessment for the Longboat Key UNDERGROUND UTILITY project has been paid and the work is currently underway in the Township. There are no deed restrictions nor HOA. Suitability soil analysis report available on request (2012).
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Our Executive Mortgage Banker:
Our Insurance Division:
$985,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $788,000 | $788,000 | $788,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.799% | 6.876% | 6.850% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,243 | $5,111 | $6,919 |
Total Monthly Payment | $5,335 | $5,203 | $7,011 |
* 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.