Move in Ready and not impacted by recent storms. Quintessential Sapphire Shores Ranch! This three-bedroom, three bath, pool home is west of Bay Shore Road and just a short stroll to Sun Circle Park on the shores of Sarasota Bay. What does “quintessential” mean? This is a spacious, block home “on grade” but NOT in the flood zone. No stairs anywhere! “On grade” means you can go from your living room to your rear porch to your pool deck and stay on one level. Did we mention NOT in a flood zone, yet only a half block to a neighborhood park on Sarasota Bay? What does “quintessential” mean? This property sits on two originally platted lots making it one of the larger parcels in the neighborhood. It’s almost a half-acre with long sight lines in every direction and room for guest parking, boat storage, gardening, a future accessory structure or to just enjoy “space” and privacy from nearby homes. What does “quintessential” mean? The two primary bedrooms function as en-suites and a split plan puts the third bedroom on the opposite side of the house creating degrees of separation for what has been used as an office with a private entry. If you don’t need a home office, your guests may appreciate being able to come and go with independence. What does “quintessential” mean? All this space and you will still find an oversized garage with room for an elaborate workshop or plenty of storage. Impact resistant windows throughout and recently updated AC system. Chic, plank tile floors for the Florida vibe, an updated kitchen with marble counters, a breakfast bar and complete stainless steel appliance package. A wood burning fireplace made current with spectacular tilework and crown molding, some of it original plasterwork from the 1950s’. What does “quintessential” mean? You will find as much living space outside as there is inside. Large paver patios and a spacious pool surround are anchored by a rear porch sheltered with a beamed ceiling. Of course, the pool has been upgraded to be chlorine free and the yard has multiple irrigation zones fed by a deepwater well. Sapphire Shores is a unique neighborhood within Sarasota made up of Ringling Era Mediterranean Manses, unique mid-century ranches and new, luxury home development. The features and benefits of this location are unparalleled on the Gulf Coast of Florida. What does “quintessential” mean? Live here and your neighbors will include the John & Mabel Ringling Museum of Art, the Asolo Theater of Performing Arts, the Sarasota Ballet, New College of Florida, and the University of South Florida. Live here amidst Sarasota's most significant cultural & educational institutions and you're only 2 miles north of downtown Sarasota, a 12-minute drive to St. Armands Circle and the beaches of Lido and Longboat Key and an equal distance to University Parkway anchored on the west by SRQ International Airport and the UTC shopping district and I75 on the east.
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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 | $1,079,200 | $1,079,200 | $1,079,200 |
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 | $588 | $588 | $588 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,910 | $6,910 | $9,475 |
Total Monthly Payment | $7,623 | $7,623 | $10,188 |
* 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.