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MAJOR PRICE IMPROVEMENT. . . Opportunity to build your dream home knocks in the Arlington Park Area which is Flood zone X and Non-deeded restricted neighborhood in the heart of Sarasota. Adjacent property on Temple St is available as well for a pkg price of $$625K. The two properties is over a half acre combined (22, 460 sq ft). Offers Tremendous potential, space, and versatility for various investment strategies. Enjoy all amenities pool, walking trails, dog park, tennis and more at Arlington Park, a five minute walk. If not familiar with this hotspot, Sarasota offers unparalleled comfort and convenience. Turquois water is 7 miles away at World Famous Siesta Key Beach, Longboat Key, Lido Beach, & Anna Maria Island just to name a few. Boating, Kayaking, fishing, and jet skiing opportunities are abundantly available. Plenty of Culinary adventures to include, St. Armands Cirlce, Downtown Sarasota, or University Town Center Mall where there are also a plethora of local boutiques and shops and restaurants. Nearby is Lakewood Ranch a beautiful Masterplanned community offering distinguishable Golf Courses, sporting fields, YMCA, and the newest addition Waterside Place offering more dining, shopping, farmer's market, and recreation. Excellent schools and Sarasota Memorial Hospital within minutes. Sarasota Airport nearby or 45 min. to Tampa International Airport. Convenient access to HWY 301, Tamiami Trail US41, or I-75 within a short distance. Seller Motivated!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$300,000
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 | $240,000 | $240,000 | $240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.112% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,497 | $1,577 | $2,009 |
Total Monthly Payment | $1,572 | $1,652 | $2,084 |
* 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.