Light and bright and meticulously maintained, this waterfront block home is sitting on an ELEVATED 10, 000sf lot on the fabulous North end of Longboat Key. Multiple important upgrades include all new IMPACT RESISTANT WINDOWS AND SLIDING DOORS, a RENOVATED KITCHEN and BATHROOMS, newly lined plumbing pipes and extra attic insulation. After a day out on the water, return to your own private dock and a short stroll puts you on the most gorgeous stretch of neighborhood beach for stunning nightly sunsets. The beach is shared only by other single family home properties. (there are no high rises on the beach on the north end of the island) Whether you are looking for your forever home or a great rental investment property, this may well be the one for you! The home is ready for you to start enjoying the island life that Longboat Key is so well known for. A number of great restaurants are a short bike ride away and the world famous shopping at St. Armands Circle and the cultural mecca of downtown Sarasota or Bradenton are just over the bridges, making this a perfect island getaway.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,450,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,160,000 | $1,160,000 | $1,160,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 6.989% | 6.936% |
Monthly Tax Payment | $497 | $497 | $497 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,815 | $7,620 | $10,265 |
Total Monthly Payment | $8,437 | $8,242 | $10,887 |
* 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.