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Under contract-accepting backup offers. Perfect starter home in the heart of Sarasota. The solid block, freshly painted inside and out 3/2 has so many of the big-ticket items taken care of, allowing for a worry-free purchase: A BRAND-NEW YORK HVAC Unit, a 2021 hot water heater, a 2014 roof and, save the best for last: NO cast iron and NO copper piping: this home has been completely replumbed, with pvc supply lines and ALL the drain lines now pvc…never again worry about plumbing issues. Both bathrooms have been remodeled and feature nicely tiled step-in showers. The kitchen has plenty of countertop space, which is outfitted with a grey-tone granite, and also has a wealth of storage, provided by lovely shaker-style cabinets. Tile flooring is laid throughout, allowing for easy maintenance. Off of the kitchen next to the laundry area is a large flex room…perfect for a game/rec room, extra sleeping space, or storage. The possibilities are endless with the HUGE fenced back yard: put in a pool and/or a BBQing area, let the dog run free, etc. This home backs up to a wooded space, beyond which is the driving range for Evie's, so you have NO neighbors behind you. On one side of the home there is also plenty of room to park a boat. 3710 Papai is in a central Sarasota location that is 15 minutes from the north bridge onto Siesta Key, and is convenient to shopping and dining. This would make for a great first home for a young family, or a place for someone to downsize, and also has excellent rental potential. Schedule your showing today!
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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 | $231,200 | $231,200 | $231,200 |
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 | $233 | $233 | $233 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,461 | $1,519 | $1,935 |
Total Monthly Payment | $1,769 | $1,827 | $2,243 |
* 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.