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Under contract-accepting backup offers. Build your dream home(s) on a corner lot in Historical Gillespie Park neighborhood. Zoned DTN (Downtown Neighborhood) this 100x100 Lot (Lots 22 and 24) offers two buildable lots – each lot is allowed a primary and accessory dwelling in DTN. Seller willing to sell lots individually (50x100) for $375, 000 per lot. What’s allowed in DTN: Front setbacks – minimum 10’ – maximum 20’; Rear setbacks 15’ primary residence and 3’ accessory dwelling; Side Setbacks 0’ to 10’ combined; Minimum lot size of 3, 630; Primary Home maximum 3 story and Accessory Unit maximum 2 story – to be verified with the city/builder. Deed of conveyance will contain restrictions as follows: maximum 2 story primary and accessory building, side lot setback of 5’ on lot closest to 1681 8th Street, and all windows on second level facing side lot of 1681 8th Street to be transom (higher) style windows. Gillespie Park, nestled within the Gillespie Park neighborhood, is a 10-acre park filled with grand oaks, sports courts, walking trails and a dedicated dog park. Gillespie Park is a short stroll to Sarasota’s vibrant downtown, the Rosemary District, 50-acre Bay Sarasota Park, Bayfront Park and Marina and numerous restaurants, art galleries, shops and theaters. Benefits to living here are the Sarasota Farmer’s Market every Saturday as well as free offerings at The Bay Sarasota, which include yoga, concerts, movie night, and other fun events just to name a few. You’re also minutes away to St. Armand’s Circle, Lido Beach, Ringling Museum, tennis courts at Payne Park, pickleball courts at Pompano via the Sarasota Legacy Bike Trail, which allows for an energetic and connected lifestyle. Seller is a licensed Realtor in New Hampshire.
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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 | $600,000 | $600,000 | $600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.050% | 6.152% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,792 | $3,942 | $5,023 |
Total Monthly Payment | $3,884 | $4,034 | $5,115 |
* 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.