626 Spanish DRIVE, #112, Longboat Key, FL, 34228 | $399,000

Under contract-accepting backup offers. One or more photo(s) has been virtually staged. Fantastic value! The beautiful neighborhood of Spanish Main welcomes you home!Villa living at its best! This villa has upgraded tile flooring throughout. Large dining/great room combo opens onto an expansive lanai that overlooks a very private, peaceful and tranquil setting of tropical lush foliage. Primary bathroom has been upgraded. This neighborhood-like community is pet friendly and has a 40-slip deep-water marina with electric and water, deeded beach access, fishing, boating, kayaking, heated pool, clubhouse with a plethora of activities. Nominal fee for rental of the boat slips. The infamous St. Armand’s is just down the road with amazing restaurants, fabulous shopping and 20 minutes to downtown Sarasota. This is a 55-plus community, but you can purchase at any age and live here full-time at 50 years old. An incredibly affordable lifestyle that gives you million-dollar moments every day. A true deal on Longboat Key complete with evening sunsets on beautiful beaches

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 1
  • Amenities: Recreation Facilities, Shuffleboard Court
  • Rooms: 6
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Outside
  • Complex: SPANISH MAIN
  • Year Built: 1969
  • Approx Sq. Feet: 1,399
  • Est. Taxes: $1,355
  • Condo Fee: $1,340 Monthly
  • View: Trees/Woods
  • Adult Communities: Yes
  • Elem. School: Anna Maria Elementary
  • Middle School: W.D. Sugg Middle
  • High School: Manatee High
  • Pet Policy: Size Limit, Yes
  • Appliances: Dishwasher, Microwave, Range, Refrigerator, Washer
  • MLS#: A4590246
  • Days on Market: 175 days
  • Website: https://www.raveis.com
    /prop/A4590246/626spanishdrive_longboatkey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 6/11/2024 5:32:10 PM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-364-4000

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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626 Spanish DRIVE, #112, Longboat Key, FL, 34228

$399,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $319,200 $319,200 $319,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.880% 7.171% 6.538%
Monthly Tax Payment $113 $113 $113
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,151 $2,122 $2,737
Total Monthly Payment $2,339 $2,310 $2,925

* 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.