This 2/2 MAIN FLOOR condo is perfect for anyone who doesn't want to deal with stairs. Wonderful front screen enclosed porch for relaxing. Large living/dining room combo allows for comfortable living with a view to the lanai and parklike setting beyond. The master suite is oversized with ensuite bathroom, large walk in closet and private access to the outdoor patio/lanai. The back lanai recently tiled for easy care, lanai overlooks the community pool. The secondary bedroom offers versatility and comfort, ideal for guests or as a home office, with easy access to the guest bathroom. The second bedroom also has a large walk-in closet and an additional wall closet for all your storage needs. The tile roof was replaced 3 yrs ago so you can have a maintenance free living and worry free about any current special assessments as they have been done. A/C replaced 2022, Water heater 2020. Terrace Two has the lowest condo fees in the community which makes it truly attractive. Located in the sought-after Wild Oak Bay Community near IMG Academy, residents enjoy swimming pools/spa hot tub, tree lined streets for enjoyable walks through the meticulously maintained grounds. Conveniently located near shopping, dining, and cultural attractions of Sarasota, SRQ airport is less than 5 miles away. This condo offers the perfect balance of tranquility and convenience.
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William Raveis Real Estate
Phone: 888.699.8876
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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 | $219,920 | $219,920 | $219,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | $290 | $290 | $290 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,519 | $1,462 | $1,855 |
Total Monthly Payment | $1,884 | $1,827 | $2,220 |
* 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.