In an A+ Sarasota school district, family-friendly community, this home includes four bedrooms, 3. 5 baths, flex room, two-car garage, nearly 3, 500 feet including a heated saltwater pool. Pool and the enclosed screened-in lanai were completed in 2017. Residence boasts over $100, 000 in upgrades not including the saltwater pool built after closing. Saltwater pool is 14-by-28-feet, depth 3-to-5-foot raised wall with 24-inch sheet descent, alarms on doors, including a 400, 000 BTU gas heater. As you walk through the front door, you will quickly notice bright, open space including the beautiful custom saltwater pool and large lanai overlooking the lake. The heated saltwater pool has a sun deck entrance with a built-in table, and sitting area in pool for entertaining, overlooking the lake and pavers throughout the screened in lanai. Lanai offers a summer kitchen rough-in. Tray ceilings in the living room, primary suite and loft. The kitchen offers many upgrades, 42-inch cabinetry, stainless steel appliances, built-in oven and microwave, under-cabinet lighting, tile backsplash, pantry and more. Entire downstairs flooring has been upgraded to wood-looking tile, steps to the second floor were upgraded to wood. Arbor Lakes has a covered pavilion with baths, wet bar, resort-style swimming pool, spa, fire pit, water splash pad with slide and dumping water bucket, half-court basketball court, sand volleyball court, playground and pet park.
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William Raveis Real Estate
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $796,000 | $796,000 | $796,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $783 | $783 | $783 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,097 | $5,097 | $6,989 |
Total Monthly Payment | $5,972 | $5,972 | $7,864 |
* 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.