Pre-Construction. To be built. UNDER CONSTRUCTION. ESTIMATED TO BE COMPLETED BY END OF MAY!* CUSTOM DESIGNED BY OCEAN BUILDERS, A LONG TIME SARASOTA QUALITY CUSTOM BUILDER * This Downtown neighborhood is a short walk to all of the Sarasota & the Bayfront amenities * Endless dining, shopping, the arts, Whole Foods Market, Marina Jack's and the new Bayfront Park * MAIN HOUSE WILL BE A CRAFTSMAN DESIGN EXTERIOR with Front & Rear Porches * INTERIOR DESIGN WILL BE CONTEMPORARY COASTAL DESIGN * MAIN HOUSE A/C SQFT = 1717+/-; MAIN HOUSE TOTAL SQFT = 2216+/- * GUEST COTTAGE A/C SQFT = 520+/-; GUEST COTTAGE TOTAL SQFT = 1041+/- * THE DETACHED GUEST COTTAGE has a Full Kitchen, Full Bath & separate En-suite BDRM and will be above the Detached 2 car Garage * MAIN HOUSE FEATURES 3 BEDROOMS & 3. 5 BATHS ON ONE LEVEL * ALL BEDROOMS ARE EN-SUITES * Vaulted ceilings * NATURAL GAS tankless hot water heater * PGT IMPACT HURRICANE GLASS WINDOWS * ENERGY EFFICIENT HOME with OPEN CELL SPRAYED FOAM IN THE ATTIC * Hardi Board concrete exterior walls * CHEF'S ISLAND KITCHEN with NATURAL GAS COOK-TOP, Shaker style cabinets * ESTIMATED 4 MONTH PROJECTED BUILD TIME FROM TIME OF CONTRACT * ENJOY THE PEACE OF MIND THAT A NEW HOME DELIVERS * PERFECT TIME TO PICK YOUR COLORS & CUSTOM FINISHES * BEING BUILT; CUSTOM BUILDER IS OCEAN BUILDERS. SITE PLANS, PHOTOS & RENDERINGS THAT ARE CONTAINED IN THE INFORMATION ARE ILLUSTRATIVE & CONCEPTUAL ONLY, AND ARE ALWAYS SUBJECT TO CHANGE WITHOUT NOTICE, AND CANNOT BE RELIED UPON. ROOM MEASUREMENTS APPROXIMATE. Builder will work with you to customize * Invest in your slice of paradise * One look & you'll fall in love * BUILDER'S LOT PURCHASE & AGREEMENT ATTACHED IN MLS *
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,400,000
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 | $1,120,000 | $1,120,000 | $1,120,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.877% | 6.977% | 7.041% |
Monthly Tax Payment | $257 | $257 | $257 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,640 | $7,358 | $9,989 |
Total Monthly Payment | $8,022 | $7,740 | $10,371 |
* 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.