Rarely available free standing 2 story villa on picturesque Palm Avenue in the heart of downtown Sarasota. Nestled behind the gate of an intimate enclave of 12 townhomes, this charming detached villa, the largest of the 12, lives like a home and is part of a homeowner's association (not a condo). As you enter the private courtyard, you immediately feel the uniqueness of this property. Double French doors open to a freshly painted interior with new porcelain tile throughout the first floor, and plantation shutters on all the windows. The dream kitchen features all Viking appliances, a natural gas cooktop, an integrated Subzero refrigerator, white custom cabinetry, granite countertops, and breakfast bar. The spacious dining room can accommodate a large table to entertain several people. The dining room extends to another terrace with a privacy wall where you can set up your grilling area and herb garden. Also located in the dining area, is a 60 bottle built-in wine refrigerator next to a pullout storage cabinet. The gracious living room features cathedral ceilings and a gas fireplace. The first floor also offers a well designed office with built-ins and a window, extra storage, a half bath, and access to a one car garage. The 2nd parking space is located under the common carport. Both of the 2 bedrooms upstairs have access to a large balcony to enjoy the outdoor. The primary bedroom features wood floorings, a generous walk-in closet, an updated bath with double vanities, and a large walk-in shower. The guest bedroom features a custom closet, updated bath with tub/shower. New A/C unit in 2023 was installed. This is the ideal property for someone who wants to be in a maintenance-free home in the vibrant downtown Sarasota with low monthly dues.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,295,000
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 | $1,036,000 | $1,036,000 | $1,036,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.750% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.343% | 6.876% | 6.725% |
Monthly Tax Payment | $1,235 | $1,235 | $1,235 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,634 | $6,719 | $9,025 |
Total Monthly Payment | $7,994 | $8,079 | $10,385 |
* 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.