*** Can be purchased as a package along with 629 N Osprey
The perfecrt multipurpose property !!!
This "turn key" newer construction has Endless possibilities !! This 2021 new build includes three bedroom 3 1/2 bath turnkey furnished single-family 2 -Story home PLUS a detached two car garage with a 1/1 guest house above COMPLETE with all appliances including washer/dryer. The identical structure was built right next door, and when combined with this listing gives you a 4-unit complex or the ideal Family Compound. . The main house has the picture perfect floor plan that includes 3 en-suite Bedrooms with the 2 top floor suites accessing the perfect gathering area as well as a covered terrace upstairs which is perfect for that morning coffee or the perfect place to relax. Luxury appliances, grace the main house at 635 N Osprey Ave with custom cabinetry and granite tops. Maintenance free exterior, high ceiling, newer construction and endless opportunities make this property/package truly special! Currently marketed for short term rental with bookings through 2025. The short term rental market in this highly desirable area is on FIRE! This property has also been very successful as a long term rental. P&L history available upon purchase offer(s) submitted to the seller. So if you want the hottest area in Sarasota, you have found it here in Gillespie Park. The City’s well managed 10 Acre Gillespie Park is just 100 yards away and includes a fitness area, a pond, two basketball courts, picnic tables, playground, police substation, fitness trail and tennis courts. A short distance by bike and scooter to Downtown Sarasota and the spectacular Bayfront has to offer. The new event packed 53 acre Bay Sarasota Park is just 6 blocks away! Not to mention +30 restaurants within only 5 blocks away.
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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 | $1,102,222 | $1,102,222 | $1,102,222 |
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 | $898 | $898 | $898 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,519 | $7,241 | $9,830 |
Total Monthly Payment | $8,542 | $8,264 | $10,853 |
* 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.