Very desirable first floor, end unit with one of the most beautiful botanical and lake views in the community. Capturing natural light with wonderful picturesque views and nestled in the most enchanting of tropical settings. This community is known to be one of the most beautiful in all of Manatee and Sarasota county hosting some of the most beautiful birds and wild life viewing right out your window. The floorplan expands out to additional square footage with the large glass enclosed lanai - just right for relaxing & casual dining while watching the many coastal sea bird and wild life. You will find herons, eagles, pink spoonbills, pelicans, storks, turtles, sea otters and so much more, truly paradise for you to enjoy. The pleasing, bright eat-in kitchen has triple windows and additional side windows in dining room and Livingroom. Both baths updated with vanities, lighting, mirrors & upgraded flooring.
This Terrace Association has the preferred large, lakeside heated pool with spa for friendly gatherings with neighbors. Situated within the IMG Golf & Country Club community along Sarasota Bay. Tennis Club is also down the street. (Good to know that memberships are not mandatory so can play on your terms. ) Ideally within 20 minutes of renown Gulf beaches & just as close to the cultural arts of downtown Sarasota. Pet friendly and with the lushness of Wild Oak Bay, you'll be beckoned for shady walks under the canopy of oaks and palms with your 4 legged "baby. " Terrific for seasonal or full time living. Close to the IMG Sports Academy. Excellent for an Investor as there is no wait before it can be leased. This is the picture perfect Florida condo you've been hoping to find with unmatchable private view.
CHILDREN AND LARGE DOG FRIENDLY AT TERRACES III WITH 1 MONTH MIN RENTAL AND NO WAIT TO RENT!
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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 | $231,992 | $231,992 | $231,992 |
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 | $292 | $292 | $292 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,543 | $1,542 | $1,956 |
Total Monthly Payment | $1,910 | $1,909 | $2,323 |
* 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.