***Our Preferred lender is offering a 1 Point Interest Rate Buy-down at zero cost to the buyer!**** This lovely home that has been cherished over the years. There is NO HOA, NO CDD, NO flood insurance, and it is MOVE-IN ready! This two-bedroom, two-bathroom, one-car garage home is fantastic for a first-time home buyer or for someone looking to downsize! Looking for an investment? Short term and vacations rentals are OK here! The home has new vinyl plank flooring (NO CARPET!), new interior paint, new screens in the Lania, and a newer roof (February 2023). You'll love spending countless hours in the screened-in lanai! It's the perfect outdoor space to drink your coffee in the morning, read a book, or watch the sun set in the evenings!
Nearby you will find several golf courses and the home is only eight miles from the beautiful beaches of Manasota Key! Love baseball? The Tampa Bay Rays Spring Training Field is only about 7. 5 miles away. Nearby you will find Boca Grande, Englewood, Venice and so much more! This home has been tastefully upgraded over the years with newer kitchen cabinets, a coffee/tea bar, and a newer vanity in one of the bathrooms. It has a cute little flex area that would make a great drop zone or small office space! If you are tired of paying rent, this could be your new home!
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Our Executive Mortgage Banker:
Our Insurance Division:
$246,500
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 | $197,200 | $197,200 | $197,200 |
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 | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $93 | $93 | $93 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,198 | $1,198 | $1,558 |
Total Monthly Payment | $1,366 | $1,366 | $1,726 |
* 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.