Spacious South Gate Manor Home offering 2, 000+ SF, 3 Bedrooms, 2 Bathrooms and a Large 2 Car Garage! Situated in a Fabulous Neighborhood on a Wonderful Lot Featuring Mature Landscaping & Trees with a Tranquil Backyard. Enjoy the Expansive Views with No Neighbors Directly Across the Street. This Split Plan Layout offers Foyer Entry; Living & Family Rooms (with a Wood Burning Fireplace with Travertine Front in the Family Room); Crown Molding in Most Rooms; Many Rooms with Double Pane Windows; Inside Laundry Room with LG Washer & Dryer (New 2022), Sink, Cabinets, Storage & Freezer; Kitchen with Breakfast Bar, Filtered Insta Hot Water at Kitchen Sink, Wolf Appliances (Oven, Warming Drawer & Hood), Thermador Cooktop and Pocket Sliding Pass Through Above the Sink to the Lanai; Cork Flooring in the Family Room & Kitchen; Cherry HardWood Floors in the Foyer, Hallway, Living Room, Dining Room and 3rd Bedroom; Both Bathrooms have Travertine Countertops & Floors and the Primary Bedroom Shower is also Travertine. New Roof June 2022 with Transferable Warranty; New Exterior Paint 2022, Hot Water 2016 and AC 2017; Screened Lanai with Pocket Sliding Glass Doors and Exterior Storage Room (10 x 9) with AC; Rear Yard is Partial Fenced. South Gate is a Deed Restricted Community with Voluntary Dues $100 per year and an additional $100 per year to use the Community Center & Pool situated on the Shores of Phillippi Creek on 5 Acres. Nearby you will find the Legacy Bike Trail offering 18+ Miles of Paved Recreational Trails from Sarasota to the Historic Venice Train Depot, 2 Golf Courses - The Palms Golf Club of Forest Lakes & Village Green Golf Club, Sarasota Memorial Hospital, Siesta Key & the Gulf Beaches, Arlington Park offering 50’ Meter Lap Pool, Basketball & Tennis Courts, Playground, Walking Trail and Dog Park. Sprinkler System has not been used in many years, Sold As IS.
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Our Executive Mortgage Banker:
Our Insurance Division:
$595,000
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 | $476,000 | $476,000 | $476,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.760% | 7.042% | 6.160% |
Monthly Tax Payment | $221 | $221 | $221 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,288 | $3,127 | $3,985 |
Total Monthly Payment | $3,600 | $3,439 | $4,297 |
* 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.