One or more photo(s) has been virtually staged. SELLER CREDIT towards RATE BUYDOWN available with acceptable offer. SELLER FINANCING available with approval. Experience city living at its finest in Sarasota's vibrant downtown at The 101 Condominium! Ideally located directly across from Island Park, this stunning 2 bedroom 2 bath, 15th floor unit offers breathtaking CITY views and unrivaled convenience. The condo has been repainted and remodeled. The many improvements include stone counters throughout, hammered metal sinks in baths, glass shower doors, custom walk-in closet system, a stylish craftsman built-in that includes ample storage as well as a murphy bed in the secondary bedroom, and an efficient and beautiful remodeled Kitchen. There are glimpses of Sarasota Bay from the balcony outdoor space. The 101 Condominium offers more than just a home; it provides a lifestyle of luxury and convenience. Prepare to enjoy the recently renovated lobby, a heated pool for relaxation, a fitness center to keep active, and a social room perfect for hosting gatherings or unwinding after a long day. With a $8 million modernization project recently completed, the great VALUE of this property is securely supported. Embrace the urban lifestyle with easy access to Marina Jacks, renowned for its deep harbor docking and waterfront dining. Indulge in the charm of historic Palm Avenue just out your rear entrance, where many art galleries, charming shops and restaurants have opened, or take a quick walk up main street for many more eating experiences. Must see!!
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Our Executive Mortgage Banker:
Our Insurance Division:
$749,000
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 | $599,200 | $599,200 | $599,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | $488 | $488 | $488 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,986 | $3,982 | $5,053 |
Total Monthly Payment | $4,566 | $4,562 | $5,633 |
* 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.