Conveniently located and tastefully decorated South Gate home for Sale! This is a 3 Bedroom, 2 Bathroom, 1, 289 sq. ft. carport home. It features newly polished TERRAZZO floors, granite counters in the kitchen, and new impact patio doors leading to the back patio and huge, fenced-in backyard. There is plenty of room for a pool in the big backyard!. A gorgeous new hot tub (not in photos) was recently added. The air conditioning was replaced in 2020, and the flat roof was done in 2021. The location of this home is ideal, just minutes to Sarasota Beaches and Downtown Sarasota. Located in an A+ rated school district and close to SOUTHSIDE ELEMENTARY, this property is just a quick ride to the shops and restaurants at Southgate Village, Sarasota Memorial Hospital, Southgate Mall, Southside Village, and award-winning Siesta Key Beach! Membership is optional, but as a South Gate Community Association member you can enjoy the large pool at the South Gate Community Center. This is a great opportunity for a snowbird home, 1st-time homebuyer, or an investor to purchase in this highly sought after neighborhood of South Gate in Sarasota. Seller is offering a $10, 000 CREDIT for a NEW ROOF! Schedule your appointment today!
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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 | $399,200 | $399,200 | $399,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.582% | 7.171% | 6.518% |
Monthly Tax Payment | $345 | $345 | $345 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,723 | $2,653 | $3,423 |
Total Monthly Payment | $3,143 | $3,073 | $3,843 |
* 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.