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Under contract-accepting backup offers. Welcome to this distinctive and meticulously built home, that seamlessly blends superior engineering with nature's bounty. This three-bedroom, 2. 5-bath, plus den/office/extra bedroom with one-half bath residence is a testament to the owner's dedication, who, being an engineer and renowned arboriculturist, ensured every detail met his exacting standards. On one of the highest elevations in the desirable Hidden Oaks neighborhood, this property stands out not just for its elevation but also for its construction integrity. The owner personally supervised the building process, including the addition of a two-foot poured concrete and rebar header encircling the top of all walls, significantly enhancing the home's stability. Additional trusses further guarantee pristine ceilings. This 2, 851-square-foot home with a 1. 21-acre lot features a two-car garage, and an additional, separate garage designed for a boat, small RV or extra vehicles. Built to the same high standards, rest assured your prized possessions are well-protected. A testament to the owner's illustrious career, the property is an arboricultural paradise. It is home to a diverse collection of fruit trees sourced from around the globe. Enjoy the luxury of picking your mangos, lychees, persimmons, figs, starfruits, and even the exotic anonas (sugar apples) from your backyard. The practical charm of the home is further mirrored in the driveway, crafted with fiberglass-infused concrete to withstand expansion and contraction over the weather. This home isn't just a place to live, it's a commitment to quality, stability and the joys of nature. Hidden Oaks Estates is a charming, private community consisting of approximately 104 homes, each on a minimum one-acre lot. This serene neighborhood is known for its abundance of mature trees, creating a peaceful and picturesque setting in the heart of Sarasota. The community also offers the added convenience of being within short distance to several schools, making it an ideal location for families. Hidden Oaks Estates amenities include tennis, pickleball, basketball and a field that can be used for soccer, football, frisbee and lacrosse. HOA fee is only $700 per year.
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Our Executive Mortgage Banker:
Our Insurance Division:
$875,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $700,000 | $700,000 | $700,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.637% | 6.540% |
Monthly Tax Payment | $441 | $441 | $441 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,253 | $4,424 | $6,050 |
Total Monthly Payment | $4,785 | $4,956 | $6,582 |
* 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.