Discover your dream home in Sarasota’s desirable Arbor Lakes community, offering award-winning amenities and a prime location! This 3-bedroom, 2-bathroom home spans 1, 696 sq. ft. on a spacious 1/4 acre lot with recent renovations, including fresh interior and exterior paint, ceramic and porcelain tile, soft carpet flooring, and high ceilings at the entrance. The open floor plan seamlessly connects living spaces, and a shady back porch overlooks the expansive yard. The home also features a two-car garage and a third nail installation in the roof, a safety upgrade boosting wind resistance from 350 pounds to 600 pounds, potentially protecting against Category 4 hurricanes and reducing insurance premiums.
Low HOA fees include access to landscaped common areas, an Olympic-size pool, a clubhouse, a playground, and a kayak dock on the Braden River. Residents can also join the nearby Palm Aire Golf and Country Club for golf, tennis, and social activities. Located near UTC Mall, Tampa and SRQ airports, downtown Sarasota, and world-famous beaches like Siesta Key, Lido Key, and St. Armands Circle, this home combines comfort, style, and convenience. Don’t miss this opportunity—schedule your showing today!
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Our Executive Mortgage Banker:
Our Insurance Division:
$475,000
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 | $380,000 | $380,000 | $380,000 |
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 | $461 | $461 | $461 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,528 | $2,526 | $3,205 |
Total Monthly Payment | $3,064 | $3,062 | $3,741 |
* 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.