Under contract-accepting backup offers. Welcome to South Gate Ridge home. As you enter through the screened-in front porch you will find the great room with the dining area. Step down into the formal living room with the woodburning fireplace. From the great room you will see the kitchen which has space for casual dining. There is the utility room and a storage room. From the kitchen exit to the very spacious back porch which is screened. The backyard is fenced and ready for your imagination. Come back to the great room and through the hallway you will find the two bedrooms and the one bathroom. The bedrooms boast ceiling fan and built-in closet. The bathroom has two entrances. You may enter the bathroom from the hallway or from the main bedroom. The bathroom has a walk-in shower. The flooring is tile throughout and this home is light and bright. South Gate Ridge is a great school district. There is no HOA or CDD. Red Bug Slough Preserve is only five minutes drive. Siesta Key and downtown Sarasota is 15 minutes drive. UTC Mall is 20 minutes drive. Enjoy shopping and dining around Sough Gate Ridge. There is an easy access to I-75. Take advantage of all the cultural and the culinary venues that Sarasota has for you. This is your opportunity to own your Sarasota home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$290,000
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 | $232,000 | $232,000 | $232,000 |
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 | $236 | $236 | $236 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,544 | $1,542 | $1,989 |
Total Monthly Payment | $1,855 | $1,853 | $2,300 |
* 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.