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Must See Home in extremely desirable enclave of McClellan Park, a West of the Trail, 56 Acres large neighborhood established by the McClellan sisters in 1916. This area is within City limits, just a short drive to the Downtown Sarasota area and all that it has to offer including a large variety of restaurants, shopping, Opera House, Marie Selby Botanical Garden, Bay Park, Sarasota Memorial Hospital, and many moreā¦ or just a short drive to Siesta Key Beach multiple times rated No. 1 beach in US. McClellan Park is known for its elegance, mature tree-lined streets, and the versatility of homes, where the old Florida architecture meets the new. This home boasts many unique features. Although located close to the Bay, the home itself is not in the flood zone because of its high elevation. The main home has over 1800 SF under air, 2 bedrooms and a family room. All through the home there is beautiful wood flooring, and the living room has a charming gas operated fireplace. In addition, there is a very private screened in pool in an intimate setting where you can indulge in beauty of nature by watching a variety of beautiful colorful birds and listening to their bird song. The guest home above the garage was added in 1996. It has 525 SF under air, and it offers 2 bedrooms and a full bath with shower, or if desired one of the bedrooms could be used as a living room. There is a designated space for a kitchenette that is already pre-plumbed. The 2-car garage has a window a/c unit just in case you want to keep your cars in a nice and comfortable climate. Come and experience the tranquility of McClellan Park as you enjoy your morning coffee sitting on your private deck overlooking beautiful green and mature landscaping and indulge in beauty of nature since the home is surrounded with a lush tropical landscaping found throughout the property.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,550,000
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 | $1,240,000 | $1,240,000 | $1,240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 7.014% | 6.956% |
Monthly Tax Payment | $603 | $603 | $603 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,354 | $8,146 | $10,973 |
Total Monthly Payment | $9,082 | $8,874 | $11,701 |
* 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.