THIRD PRICE REDUCTION NOW $659, 000! SELLER VERY MOTIVATED. BEST VALUE IN WHITNEY BEACH BAYSIDE CONDO COMPLEX.
Welcome home to this FIRST FLOOR (no steps), updated, canal waterfront view, 2 bedroom/2 bath, turnkey furnished condo in large dogs friendly Whitney Beach Bay Side, the Jewel of the north end of Longboat Key with its old Florida feel, beautiful grounds from the serene Bishop's Bayou on the Bay side to the Gulf of Mexico white sand Beach side. Recent improvements in this sunny, attractive condo include vinyl plank flooring in both bedrooms, Bermuda shutters on all windows, new fans & ceiling lights throughout & lanai shades for the large sliding doors. Both bathrooms have been nicely updated with new tile flooring, new vanities, showers & toilet. Kitchen updates include new ceiling, lighting & fan, stainless refrigerator plus a new water heater in 2024. BONUS TO BUYER: Seller will pay the upcoming $8460 assessment for remaining roofs replacement in the complex (this building has already been done), seawall repairs & increased insurance premiums. Whitney Beach Bay Side offers two heated swimming pools, boat docks (up to 32') when available, fishing pier & boathouse overlooking Bishop's Bayou which leads directly to Sarasota Bay. Dolphins, manatees & white pelicans are frequent visitors to the Bayou & Canal & delight the owners & tenants in this rental friendly 6x per year monthly minimum complex. Directly across the street from this sunny end unit condo is the deeded beach access & land owned by the condo association for the use of owners & tenants. There are tennis & pickleball courts here as well as a picnic area & tiki huts which lead to the beautiful Whitney beach where chaise lounge chairs are already set up. This Conservancy area provides access to the gorgeous white sand Gulf of Mexico beach where residents enjoy swimming, shell collecting & congregating every evening to watch the magnificent sunsets.
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Our Executive Mortgage Banker:
Our Insurance Division:
$659,000
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 | $527,200 | $527,200 | $527,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.655% | 7.146% | 6.412% |
Monthly Tax Payment | $376 | $376 | $376 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,596 | $3,504 | $4,484 |
Total Monthly Payment | $4,064 | $3,972 | $4,952 |
* 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.