One of the Very Last Phillippi Creek Waterfront Estate Size Lots in Sarasota all Ready to Go for New Construction! Located close to Downtown Sarasota just East of the Trail. Easy access to the Intercoastal Waterway. Build your Custom Dream Waterfront Home and Enjoy Your Boat! Features Include: Very Private and Quiet . 79 Acre Non-Deed Restricted Waterfront Lot, Peaceful Creek Frontage Setting, Circular Driveway, Brand New 2022 Custom Dock & Davit Boat Dock w/Boat Lift Pilings, Connected to City Water and Sewer at Street, Newer Sewer Lift Station in Place, Irrigation Well w/New In-Ground Stainless Steel Pump, Building Pad in Place (House Pad Area Not Located in a Flood Zone), FPL Power Pole in Place, Survey Complete w/Topo, Elevations and Trees Located; Universal Soils Engineering Report Available, RSF-1 Zoning, Sarasota County Jurisdiction, Buyer to Verify No Impact Fees due prior to 12/2024, Lot Size approx: 100 and 350 w/104 Feet of Waterfront, Wooded Setting w/Live Oak Trees, Giant Bamboo and Mango Tree. No Grand Oaks. Lot B is Sold. Beautiful Coastal Style Home to be Built Next Door. (Note: Aerial Picture Overlay from Photographer is Not a True Depiction of Lot Boundaries and Actual Size)
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,100,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $880,000 | $880,000 | $880,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,635 | $5,635 | $7,726 |
Total Monthly Payment | $5,760 | $5,760 | $7,851 |
* 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.