NEW CONSTRUCTION, JUST COMPLETED ** CONTEMPORARY ESTATE HOME, UNDERWENT UNPARALLEED TRANSFORMATION, PROFESSIONALLY DESIGNED ** STEPS TO DOWNTOWN ** Essentially a 2024 New Build, this downtown Modern work of art provides a fresh start on a Mid-Century footprint. Sitting on a “lot and a half – just shy of . 25 acre”. Highlights include – Maintenance-free Hardscape throughout the front with Tropical plantings, expansive pavered-driveway entry and a beautifully covered patio accented with architectural beams and sconce lighting. Ambient night-lighting runs throughout the front and exterior soffit of the home. 8-foot Mid-Century double entry doors pay homage to the Sarasota Architectural influence of the area, and welcome you inside this custom home. You will love the soaring high ceiling lined with LED recessed lighting and insulated with an under-sheathing poly-foam maximizing energy efficiency and low utility bills. All windows and sliding doors are hurricane-impact rated continuing to serve energy efficiency and security for the property. The open kitchen is simply gorgeous, a heartbeat for the home, with coastal-shaker cabinetry (abundant storage), Calcutta quartz countertops, top-of-the-line stainless appliances and decorative subway tile laid in a herringbone pattern. The expansive island is a perfect location to entertain family and friends while enjoying all the joyful natural light that illuminates throughout your great room. The back of the home is completely brand new, expanding the original footprint with 2 additional bedrooms and 2 bathrooms. 4 bedroom homes - all on 1 floor - are rare in downtown Sarasota. . You have found it here. Both new bedrooms provide luxurious high ceiling and a climate-controlled HVAC system specifically for this wing of the house. The bedrooms are spacious, primary closet is a walk-in and the bathrooms are absolutely stunning. Stepping outside into the backyard, privacy is premium with a fully enclosed vinyl-fence and enormous space for your enjoyment. Everything is new here and the story is just beginning for this modern work of art. Call today to view
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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 | $940,000 | $940,000 | $940,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 6.989% | 6.850% |
Monthly Tax Payment | $297 | $297 | $297 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,333 | $6,175 | $8,253 |
Total Monthly Payment | $6,755 | $6,597 | $8,675 |
* 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.