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Under contract-accepting backup offers. Live by Sarasota Bay but outside the floodplain in this beautifully updated home on over a half-acre of land! An insurance-friendly metal hip roof was installed in 2021. Impact windows and impact doors were also installed in 2021 making the property hurricane-ready. The Uplands neighborhood is known for its old-Florida charm and this property exemplifies the joys of Florida living. Entering the home you first notice the bright and open floorplan which features views of the oversized pool and the large private backyard. The split floorplan provides privacy for the owner’s suite and ensures bountiful natural light for each room. In addition to a workshop the garage features plenty of room for bicycles, kayaks, and more — perfect for your close proximity to Sarasota Bay. You can see Sarasota Bay from the driveway of the home and have access to the Bay through the Uplands Preserve. Yet, the property is in a X500 flood zone which is outside the flood plain and does not require flood insurance. The Uplands neighborhood is one of the highest bayfront neighborhoods in Sarasota and also features a spring-fed pond with excellent bird watching opportunities. The home is just blocks from the world-renowned Ringling Museum of Art and Asolo theatre. The Crosley Estate, New College of Florida, and USF Sarasota-Manateeare also easily accessible through the Uplands Preserve. Downtown Sarasota, Lido Beach, and the UTC shopping area are all within 15 minutes of the home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$605,000
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 | $484,000 | $484,000 | $484,000 |
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% | 7.025% | 6.132% |
Monthly Tax Payment | $372 | $372 | $372 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,059 | $3,180 | $4,052 |
Total Monthly Payment | $3,523 | $3,644 | $4,516 |
* 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.