Under contract-accepting backup offers. No HOA or CDD fees! Welcome to this charming home nestled in the scenic community and heart of Sarasota! Light and bright, this two-bedroom home has been freshly painted throughout the exterior and interior (2024), and is the perfect investment property, winter retreat or full-time residence for a low-maintenance lifestyle. Home features a beautifully renovated kitchen providing the optimal open dining/living floor plan. This charming home features a living room PLUS a Florida bonus room and has tile and laminate flooring throughout for ease of maintenance; no carpet to clean here! The interior laundry room includes a utility sink and provides plenty of space to double as a large pantry or use for additional storage. The functional kitchen opens up to a dining space and sits between the living room and bonus room; great for when you are entertaining company. This delightful single-family home is perfect for those seeking cozy comfort and convenient living. Nestled in a prime location close to downtown Sarasota, pristine beaches, shopping centers, and renowned restaurants, this residence offers the best of both worlds: tranquility and accessibility. Step into your fenced-in yard, providing privacy and security, ideal for pets or outdoor gatherings. Endless possibilities to customize the outdoor retreat of your dreams in the private backyard! The carport provides plenty of space for all the outdoor essentials. Additionally, a utility shed offers extra storage space, ensuring organization and functionality. Palm Lakes community is just minutes to popular Gulf Gate Shopping Center, Sarasota Square Mall, the Legacy Trail, golf courses, HWY-41 and is truly accessible to all that Sarasota has to provide. Don't miss this opportunity to make this lovely home yours. Schedule a viewing today and experience the epitome of Sarasota living! Priced to sell!
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Our Executive Mortgage Banker:
Our Insurance Division:
$315,000
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 | $252,000 | $252,000 | $252,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.398% | 6.273% | 5.248% |
Monthly Tax Payment | $166 | $166 | $166 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,531 | $1,531 | $1,991 |
Total Monthly Payment | $1,772 | $1,772 | $2,232 |
* 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.