One of the finest homes ever built by Todd Johnston in popular Silver Oak. This custom designed executive home boast over 5, 000 sq. ft. of architectural elegance. 4 generous bedrooms & 4. 5 baths. As you enter you will be amazed at the dramatic elevated ceilings. 10ft. sliders lead you to the pool area with tranquil lake views & 2 story cage. A recently added spiral stair case leads you to a second floor balcony. Very generous first floor master bedroom features his & her bathrooms, walk-in closets & jacuzzi. Main floor features 3 bedrooms plus an office/den. Recently remodeled gourmet kitchen. Heated pool & spa with remodeled out-door kitchen for your enjoyment. Upstairs features large bonus/theater room, 4th bedroom & bath, built-in bar & a walk around balcony. New main AC. New tankless hot water heater. 2 yr. old pool pump & heater. Living room with gas fireplace. The sellers have recently invested $130, 000 in upgrade renovations. The roof has been recently inspected & any deficiencies were expertly corrected. Located on a double corner lake lot, nearly 1/2 acre. Silver Oak is located on Palmer Ranch close to shopping, Legacy Trail & minutes to world famous Siesta Key Beach. All homes in Silver Oak were built by Sarasota's highest rated custom home builders.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,725,000
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 | $1,380,000 | $1,380,000 | $1,380,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 6.851% | 6.915% |
Monthly Tax Payment | $948 | $948 | $948 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,297 | $8,951 | $12,212 |
Total Monthly Payment | $10,370 | $10,024 | $13,285 |
* 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.