NO RENTAL RESTRICTIONS! COMPLETELY RENOVATED. . . BEAUTIFULLY RENOVATED SECOND FLOOR, CONDOMINIUM, WITH A Neighborhood VIEW, THIS UNIT HAS BEEN BEAUTIFULLY RENOVATED, and a Kitchen added on!!! . This property is approximately one miles north of Sarasota Bradenton International Airport, just minutes from great shopping, museums, art galleries, restaurants, farmers markets, and other unique entertainment opportunities. This area is also well known for destination vacations with some of the best beaches in the country, including Anna Maria Island, Coquina Beach, Lido Beach, Longboat Key Beach, and Siesta Key Beach. These privately owned condo-hotel residences are located within the ‘Ramada By Wyndham Sarasota Waterfront Resort’. This unit is a turn key furnished and a newly painted condo. Updated laminate flooring in the bedroom area with tiled floors in the luxurious full bathroom. Included is a newer mid sized refrigerator, microwave for your convenience. This condominium has a destination feeling and has a great reputation for staying rented throughout the year. Each residence allows daily to short term rentals with no minimum leasing restrictions. Enjoy staying in this newly updated unit which is located inside a waterfront property with direct access to Gulf waters. Owners are able enjoy the Ramada Hotel's Resort Lifestyle with amenities that include a newly remodeled onsite waterfront restaurant/tiki bar, ‘Tarpon Bay Grill and Tiki Bar’, heated waterfront pool, beach volleyball, fitness room, roaming security, community laundry, and open common areas. The monthly Condo HOA fees include all utilities (Electric, Water, Internet, Cable, Phone, Sewer and Trash, Exterior Maintenance, Interior Common Areas) making your overhead expenses minimal and easy to budget. This rare income producing investment opportunity allows you to enjoy all the amenities of beautiful South Florida with access to you anytime you want.
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Our Executive Mortgage Banker:
Our Insurance Division:
$145,000
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 | $116,000 | $116,000 | $116,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.055% | 6.256% |
Monthly Tax Payment | $123 | $123 | $123 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $772 | $762 | $978 |
Total Monthly Payment | $970 | $960 | $1,176 |
* 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.