Under contract-accepting backup offers. Gated and lushly landscaped University Place – This meticulously maintained Lee Wetherington lakefront home offers a 3-car garage, 4 bedrooms, 3. 5 bathrooms, pool with spa, a private office and an upstairs bonus room. This home offers a blend of elegance and practicality, boasting a plethora of desirable features such as: a new roof in 2020, all new pool equipment, pool resurfaced in 12/2023, an outdoor shower, Culligan whole house water softener system, new water heater, custom kitchen with high end GE profile appliances, gas stove , cherry wood kitchen cabinetry, built in wine racks, wine cooler, security system, central vacuum system, tile and Brazilian hand carved floorings, tray ceilings with custom accent lighting, recessed lighting, front load washer & dryer. The private office at the front of the home has bamboo flooring, bamboo recessed ceiling, along with custom cherry cabinetry. The upstairs bonus room with full bathroom and large storage closet can be a guest suite/in-law-suite, hobby room or entertainment/playroom. The master suite features dual walk-in closets with custom wood cabinets and opens directly to the lanai. All the glass doors pocket and open onto this fabulous private secluded lanai with the heated salt pool and spa overlooking the lake. The outside of the home features a wide paver driveway, enclosed dog run, and dramatic landscape lighting around the entire home. This exceptional home offers the perfect balance of elegance, functionality, and comfort, providing a sanctuary for relaxation and enjoyment. Don't miss the opportunity to experience upscale living in University Place. University Place is an exclusive gated community that provides residents with a coveted lifestyle enriched by two pools, fitness center, playground area and is located near the UTC Shopping Mall, I-75, Sarasota Airport, Benderson Park, Country Clubs, Golf Courses, and Downtown Sarasota. Schedule your showing today and envision yourself living the life of luxury in this exquisite residence.
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Our Executive Mortgage Banker:
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$875,000
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 | $700,000 | $700,000 | $700,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.375% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.799% | 6.486% | 6.956% |
Monthly Tax Payment | $793 | $793 | $793 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,657 | $4,367 | $6,194 |
Total Monthly Payment | $5,542 | $5,252 | $7,079 |
* 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.