Needs some work but EXCEPTIONAL OPPORTUNITY to get a 2 bedroom condo with a water view. Enjoy the peaceful, tranquil preserve and water views from your own private lanai in this 2 bedroom, 2 bath condo in this wonderful complex which has been called "The Hidden Jewel on the Bay" because of it's ideal location which serves as the gateway to Siesta Key! This condo is ideally located on the first floor and sits directly adjacent to the garden pool area. The lanai area is very private and has beautiful water views and leads to a walkway that will take you directly down to the boardwalk that surrounds the complex and takes you to the stunning bay pool and sunbathing area that sits directly on Sarasota Bay! The condo has wood laminate flooring throughout and both bathrooms have tubs and tiled areas. Condo is also being offered furnished. The electrical panel box was replaced in 2017 and the A/C was replaced in 2019. Castel Del Mare has numerous amenities which include 2 pools; a garden pool and another pool that sits on the Intracoastel Waterway where you can enjoy the beautiful bay views and sunsets! The complex also features tennis courts, pickleball courts, shuffleboard, boardwalk that surrounds the complex, kayak racks with launch area and a bayside gazebo where you can fish or just relax and enjoy the breathtaking views! Whether you are looking for a great investment or a place to call "Home" this condo and it's amazing location offers the "Best of the Best". Don't wait. . . . . . schedule an appointment to see this today!
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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 | $312,000 | $312,000 | $312,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $148 | $148 | $148 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,076 | $2,074 | $2,675 |
Total Monthly Payment | $2,299 | $2,297 | $2,898 |
* 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.