Under contract-accepting backup offers. Never been lived in! Brand new! Largest townhome in Payne Park with multiple builder upgrades! This corner-unit townhome is located in downtown Sarasota in Payne Park Village with direct views of the 29-acre Payne Park. This stunning 2400 sq ft, 3 bedroom, 3. 5 bath townhome offers a gourmet kitchen with timeless shaker-style 42” cabinets, quartz countertops a huge expansive island with overlap for bar-style seating (upgrade), barely used stainless steel appliances, an apron sink (upgrade), a built-in oven with drop-in glass cooktop. Open floor plan with combination dining/living has laminate wood flooring throughout with lots of natural light. French doors lead from the family room to a covered balcony overlooking Payne Park, hurricane windows with plantation shutters (upgrade) throughout as well as custom electric black-out shades in the master bedroom (upgrade). This three-story townhome is fully equipped with a private elevator (upgrade) that leads from the first floor where you have one en-suite bedroom to the third floor where you have two more en-suite bedrooms, one of which is a spacious master suite with two walk-in closets. The laundry room is on the third floor, fully equipped with a high-end washer and dryer. Oversized two-car garage with storage and EV charger (upgrade). Residents of the gated Payne Park Village have a community pool and jacuzzi with a covered lanai to enjoy with their friends and family. Low HOA and no CDD fee. Directly across the street from the lush, green, pet-friendly, Payne Park, this home overlooks the park with its beautiful greenbelt areas, pond, fountain, disc golf course, and tree-lined paths. The city-owned park offers many public amenities including a skate park, a café, tennis courts, and the popular Circus Park playground. Just a very short distance from your front door, you’ll find The Legacy Trail, currently extending from Downtown Sarasota to Venice for those who enjoy all forms of mobility including walking, biking, and skating. This opportunity will not last much longer due to the quality of the build, location, and very fair price compared to relevant townhouses available in the downtown Sarasota area. The elevator just passed its annual inspection for the year. ***Relevant comps available upon request. ***
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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 | $940,000 | $940,000 | $940,000 |
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% | 7.014% | 7.041% |
Monthly Tax Payment | $878 | $878 | $878 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,412 | $6,175 | $8,383 |
Total Monthly Payment | $7,415 | $7,178 | $9,386 |
* 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.