INVESTOR ALERT! PRICE ADUSTMENT!!FOR THIS STUNNING, PEACEFUL, HOME AND WHAT A LOCATION. 160 Stanford Dr. on Manasota Key Rd. overlooks this beautiful view of the intercoastal. IMMAGINE: You are living in paradise overlooking the beautiful waves crashing towards you as you are sitting on the back porch. Wait! coming towards you are dolphins wanting to get acquainted. This property has two homes in one. What are the possibilities? Use it for: Large Families or Family in the 3 bedroom home and an Airbnb or mother-in-law's apartment in the 2 bedroom home. Investors take a good look at the possibilities this home presents. This property has 4581 total sq. ft. As you enjoy sitting on the back porch overlooking the water you will view wakeboarding, boats sailing by and watching skiers go by. Multi family boat slips available with ability to hook up to water and electrical. South of your home on ski alley is Stump Pass Beach State Park and the Lemon Bay Aquatic Preserve. Many possibilities can be found there. Access to the beach is a short distance across the key. Homes Sold As-Is, with buyer paying title. Call and set up a preview of this home today. This could be the paradise you have been waiting to purchase. Buyers please note this property is zoned multi Family.
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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 | $1,439,200 | $1,439,200 | $1,439,200 |
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 | $1,702 | $1,702 | $1,702 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,575 | $9,335 | $12,636 |
Total Monthly Payment | $11,402 | $11,162 | $14,463 |
* 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.