THIS LOT (19), is the best priced RIVERFRONT LOT in the community. Located at the end of a cul-de-sac in the sought-after gated area called Rio Vista Estates - what could be better? Enjoy sunrises from your home and boat dock and sunset boat rides toward the Gulf.
Inside the Islands, a gated and manned (24/7) private community nestled among world class golf courses. There's no other new-home community with these bragging rights - in fact, it was voted "Best Community" in the Sarasota-Bradenton Parade of Homes for the last 8 years.
Developer Price Incentives may apply to this lot.
Lot 19 is just one of 64 others inside the private/gated enclave of Rio Vista Estates and just ONE of 12 REMAINING LOTS in the entire community! Those fortunate FEW are in the highly sought after neighborhood of Rio Vista where homes are required to be estate-sized compared to our Islands counterparts. One of 3 neighborhoods with exclusivity to the River Lodge clubhouse directly on the Manatee River. The River Lodge provides a riverfront gathering place for the enjoyment of our residents. With a private boat dock, fitness room and large, open gathering room with bar, it's a favorite place for parties and neighborhood events.
12-month PAYMENT program AVAILABLE for this lot.
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Our Executive Mortgage Banker:
Our Insurance Division:
$700,000
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 | $560,000 | $560,000 | $560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.286% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,820 | $3,722 | $4,726 |
Total Monthly Payment | $3,912 | $3,814 | $4,818 |
* 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.