Welcome home to this charming 3 bedroom, 2 bath home in the highly desirable neighborhood of South Gate. Located in the heart of Sarasota, this property boasts a roomy 2 car garage on over a quarter acre lot, fully fenced in for your family, pets, and privacy. Enjoy two expansive living spaces, with a split bedroom layout, and a large Florida room perfect for entertaining. Property is in the coveted Southside Elementary School district, and just minutes drive to Siesta Key Beach, Arlington Park, downtown Sarasota, fantastic shopping and dining, and also just minutes from the Legacy Bike Trail. Feel safe and secure during the storm season now that FPL has newly installed underground powerlines for your electrical service. South Gate residents can optionally choose to join the South Gate Association for access to the community center and large swimming pool.
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Our Executive Mortgage Banker:
Our Insurance Division:
$674,900
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 | $539,920 | $539,920 | $539,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $513 | $513 | $513 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,592 | $3,588 | $4,629 |
Total Monthly Payment | $4,197 | $4,193 | $5,234 |
* 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.