Welcome to the highly sought-after condo community of Orchid Oaks. Situated on Phillippi Creek, this fully remodeled first-floor condo, with 2 bedrooms and 2 bathrooms, invites you into over 1, 300 sq ft of modern living space. Convenience is at your doorstep with a dedicated parking space in the carport and additional storage just steps away. As you enter through the foyer, you'll find in-unit laundry and storage closets, seamlessly flowing into the open main living area. The dedicated dining space offers a dry bar with ample storage and quartz countertops, creating the perfect atmosphere for gatherings. The living room extends to a screened-in lanai through a sliding glass door, providing a private retreat that captures views of Phillippi Creek and serene wildlife. Despite being on the first floor, the unit is strategically positioned higher at the back, ensuring both privacy and a tranquil setting. The heart of this home is the updated kitchen, overlooking the dining area, equipped with high-end stainless steel appliances, quartz countertops, built-in shelving, and ample cabinet space. A hallway connects the primary and guest bedrooms, both providing views of the tranquil outdoors. The updated ensuite bathroom features built-in shelving and a spacious walk-in shower, while the second bathroom is conveniently placed at the front of the unit for easy access. Notable updates, including hurricane impact windows, ensure peace of mind, climate control, and noise reduction. Additional modernizations include an updated HVAC system (2019), water heater (2018), and electrical panel (2023), providing worry-free living. The Orchid Oaks community offers a clubhouse with a heated pool, a dog park, 2 gazebos, and charming bridges within its 9 acres of mature landscaping. Whether you prefer basking in the sun or seeking shaded spots to enjoy, this community caters to your every need. Centrally located, Orchid Oaks provides easy access to shopping, dining, restaurants, and the stunning Gulf beaches, making it easy to experience all Sarasota has to offer.
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Our Executive Mortgage Banker:
Our Insurance Division:
$286,000
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 | $228,800 | $228,800 | $228,800 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.159% | 6.538% |
Monthly Tax Payment | $94 | $94 | $94 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,561 | $1,521 | $1,962 |
Total Monthly Payment | $1,730 | $1,690 | $2,131 |
* 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.