361 Avenida Madera, Siesta Key, FL, 34242 | $1,150,000

Home Damaged by recent storms. Being sold for land value. Home can be repaired and has solid bones. Roof 2011 [No leaks from recent events], Impact Windows- 2017.

Water access to the Intracoastal Waterway via Grand Canal. Great location in Siesta Key Village. Just a short walk to all the village shops, restaurants and world famed #1 Siesta Key Beach. If you are looking for an investment property, this is the ideal location for travelers coming to see for themselves "what is all the fuss about Sarasota?". Nestled on a private dead-end street, this home provides a serene escape within a lively island community. Don’t miss the chance to catch sunsets at at Siesta Beach or Patriots Point Sunset Pier, just a five-minute walk away. Whether you’re drawn to the boating lifestyle or seeking a tranquil location in our beloved Siesta Key Village this is the property. Shopping, casual or fine dining, cocktails and live music is all just a short walk away. This is your opportunity to own this slice of paradise and you too will figure out "what all the fuss about Sarasota is!"

Features

  • Rooms: 9
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: None
  • Year Built: 1958
  • Heating: None
  • Cooling: None
  • Approx Sq. Feet: 1,692
  • Acreage: 0.19
  • Est. Taxes: $2,628
  • Lot Desc: Street Dead-End
  • View: Water
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pet Policy: Yes
  • Appliances: None
  • MLS#: A4625794
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /eprop/A4625794/361avenidamadera_siestakey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/1/2024 1:38:37 AM)
Listing courtesy of FINE PROPERTIES   Phone: 941-782-0000

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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361 Avenida Madera, Siesta Key, FL, 34242

$1,150,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $920,000 $920,000 $920,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.625% 6.750% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.343% 6.851% 6.704%
Monthly Tax Payment $219 $219 $219
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,891 $5,967 $8,014
Total Monthly Payment $6,235 $6,311 $8,358

* 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.