Under contract-accepting backup offers. Its all about the location and this is it! Spacious Sarasota two bedroom 2 bathroom condo nestled in Palm Aire. This rarely available first floor condominium in Eagle Creek offers a well-maintained residence. Warmly illumined by natural light, this open plan features a large kitchen with updated appliances, storage room, and an extra-large screened lanai that overlooks the golf course. The master bedroom has a walk-in closet, en-suite bathroom and sliders leading to the lanai. Freshly painted with neutral paint. Stackable washer/dryer in unit. You will find the large, heated pool and a well-appointed clubhouse for gatherings and entertaining in a lush neighborhood shaded by tower oaks. With some of the lowest condominium fees in the area that include water, sewer, cable, grounds maintenance, building insurance, pest control, pool and roof, this is truly a maintenance-free lifestyle. Eagle Creek Condo Association replaced all the roofs in 2021 and painted the exterior of all the buildings in 2022 without any assessments. Only Minutes from Lakewood Ranch, Nathan Benderson Park with world class rowing events, premier sports fields and world class beaches. Convenient to Downtown Lakewood Ranch shopping, restaurants, entertainment, and UTC Mall. Easy access to I-75, Sarasota Airport, Tampa International Airport, and Tampa/St. Petersburg. Palm Aire Country Club offers Golf and Tennis memberships.
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Our Executive Mortgage Banker:
Our Insurance Division:
$247,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $197,600 | $197,600 | $197,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | $71 | $71 | $71 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,315 | $1,313 | $1,666 |
Total Monthly Payment | $1,461 | $1,459 | $1,812 |
* 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.