7247 Cloister DRIVE, #120, Sarasota, FL, 34231 | $249,900

One or more photo(s) has been virtually staged. Welcome home to your beautiful, Florida-lifestyle home in Gulf Gate. You will instantly feel at home once entering this charming 2 bedroom and 3 bathrooms beautifully updated condo. This end unit provides easy access and a serene, quiet atmosphere. You will love the benefits of condo living but not have a neighbor above, below or on either side (the left side of the unit is a storage closet). Enjoy peace of mind and energy efficiency with a new AC (2023), new microwave & oven (2024), new refrigerator (2020), dishwasher (2021) and new impact windows (2020) that provide both security and tranquility. This condo is extremely quiet with the new windows. The home boasts modern finishes and thoughtful updates throughout to create a stylish and inviting living space such as new closet doors, new flooring, solid stone countertops and more! The versatile light fixtures complement various decor styles. You will love sitting on the private back lanai sipping your coffee every morning. Not only is there a screened lanai, but a designated storage area and an assigned parking spot. The community offers a pool, basic cable, water, sewer and trash. Embrace the coastal lifestyle with Siesta Key Beach just minutes away and experience the essence of convenience in this condo strategically located near many restaurants and shopping, Costco, and Gulf Gate Library. Just minutes from The Legacy Trail and I75 and a short drive to downtown Sarasota, UTC Mall, Sarasota Bradenton Int'l Airport, and much more. Live in this gorgeous unit or make it an income producing property! ***Condo insurance does provide 100% replacement costs. New Roof 2018 re-plumbed in 2020.

Features

  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 2
  • Amenities: Storage
  • Rooms: 9
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Laundry: Inside, Laundry Closet
  • Complex: GULF GATE GARDENS
  • Year Built: 1984
  • Approx Sq. Feet: 1,257
  • Est. Taxes: $2,680
  • Condo Fee: $548 Monthly
  • Elem. School: Gulf Gate Elementary
  • Middle School: Brookside Middle
  • High School: Riverview High
  • Pet Policy: Cats OK, Dogs OK
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4599537
  • Days on Market: 94 days
  • Website: https://www.raveis.com
    /prop/A4599537/7247cloisterdrive_sarasota_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 5/21/2024 1:47:08 PM)
Listing courtesy of ZACHOS REALTY & DESIGN GROUP   Phone: 941-500-5457

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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

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7247 Cloister DRIVE, #120, Sarasota, FL, 34231

$249,900

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 $199,920 $199,920 $199,920
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 $223 $223 $223
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,364 $1,329 $1,714
Total Monthly Payment $1,662 $1,627 $2,012

* 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.