Live close to the water AND out of a flood risk zone in this updated 4 bedroom, 3 bath, over 2, 200 sq ft home! Updates to this large home include all impact windows, all PVC pipes, new appliances, new water heater, and newer metal roof & AC. This home has living and storage space for a wide range of activities while still providing privacy throughout the home. Two of the bedrooms feature en-suite baths and sliding doors for access to the Florida native & Florida friendly landscaped yard. The split plan home affords privacy and easy access to a 3rd full bath for the 3rd bedroom. A private oversized 4th bedroom features double-depth closets and a newer mini-split AC for additional climate control. In addition to use as a bedroom it will also make for a fantastic flex space, office, playroom, or studio. The remodeled kitchen features newer appliances and custom-made cabinetry including large cabinets with pull out drawers on easy gliders. The custom built-in butcher block table gracefully connects the kitchen and the living room. The living room is the true center of this home featuring a soaring ceiling, plenty of space for gatherings, and a working wood-burning fireplace. The fully enclosed Florida room provides additional living space with peaceful views of the pool and tropical landscape. The in-ground pool is luxuriously oversized and can be accessed from the living space as well as the owners suite. An outdoor shower on the extra-large screened lanai completes the tropical-luxury-lifestyle feel of the property. The property is located on a quiet cul-de-sac in the highly desirable Indian Beach/Sapphire Shores neighborhood and is fully fenced to create a private tropical oasis. A one car garage with its own impact window can be used as a garage or scenic workshop. The property is located in the desirable X flood zone where mortgage lenders do not require flood insurance. While located outside the flood plain you still have extremely easy access to multiple parks, located within the neighborhood, which provide access to Sarasota Bay. The low-cost and optional Indian Beach Sapphire Shores neighborhood association offers a neighborhood newsletter, picnics, and additional social activities. Driving, walking, or biking along the neighborhood's shaded streets and sidewalks you'll be treated to a tour of Sarasota architecture from the 1920s through today. Within the neighborhood you will also find cultural amenities including the Ringling Museum which features frequent community event programming and the Asolo Theatre which houses Asolo Rep as well as the Sarasota Ballet. Both Downtown Sarasota and Sarasota Bradenton Airport are a 5 minute drive from the home. Shopping and dining on St Armands Circle and the crystal quartz sand of Lido Beach is just a 10 minute drive.
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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 | $612,000 | $612,000 | $612,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.425% | 7.146% | 6.276% |
Monthly Tax Payment | $478 | $478 | $478 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,020 | $4,068 | $5,161 |
Total Monthly Payment | $4,590 | $4,638 | $5,731 |
* 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.