MIDCENTURY MODERN IN SOUTHGATE. Angled roof line and clerestory windows bring in the light to a large living and dining area that spans from the font to the rear of the home. The Florida room flows from that room and through new sliders to a screen porch. The owners have installed modern light fixtures and a new garage door to complement the midcentury look. Restored polished Terrazzo floors are throughout the house Many, many updates in the past two years including (in 2023) : Roof replaced, backyard fence, sliding door to patio, refrigerator, blinds and drapes, garage door, exterior lights at garage, midcentury dining room light, front landscaping. Also, the following updates made in 2022: New HVAC and water heater, Terrazzo floors restored, new concrete driveway, updated bathrooms, new interior doors, new oven, range and hood, new water heater. Mature landscaping both front and back with large oak trees. There is a huge laundry room off the kitchen with lots of storage. The garage can be used as a studio or for a car and off that that is also another storage room. Note the garage could be converted to add another bedroom and a bath added in the adjacent storage room to make this house a 3 bedroom, 3 bathroom house. The hallway has multiple closets with lots of closet space in the primary bedroom. South Gate is centrally located in Sarasota close to downtown and hospitals. The beautiful Midcentury Community Center has a community pool with paid memberships available and is located along Phillipi Creek.
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $444,000 | $444,000 | $444,000 |
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% | 7.171% | 6.538% |
Monthly Tax Payment | $357 | $357 | $357 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,029 | $2,951 | $3,807 |
Total Monthly Payment | $3,477 | $3,399 | $4,255 |
* 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.