WHY WAIT TO BUILD? Seller is offering to contribute to the buyers 1-0 Temporary Interest Rate Buydown program! Please ask your trusted lender for further details regarding this program. Welcome to your slice of paradise in the coveted Sunrise Preserve community of Palmer Ranch! This meticulously maintained Riviera II is a 3-bedroom plus a bonus room, 2-bathroom home located on a quiet CUL-DE-SAC with no through traffic along with a peek-a-boo view of the water, offers modern living at its finest, boasting the perfect blend of luxury, comfort, and convenience. Why wait to build when you can step inside this nearly-new residence, just two years young, in SHOWROOM CONDITION and be greeted by an inviting open-concept floor plan bathed in natural light. The spacious living area provides an ideal space for both relaxation and entertainment, seamlessly flowing into the kitchen adorned with sleek quartz countertops, stainless steel appliances, including GAS range, and ample cabinetry and a corner pantry. Escape to the tranquil master suite featuring an ample layout, with an expansive walk-in closet, a second closet for additional space, and an ensuite bathroom with dual vanities and a luxurious walk-in shower. Two additional well-appointed bedrooms offer versatility for guests, family, or as an additional home office, den, workout or craft room, catering to your every need. The guest bath is also sure to impress with quartz countertops and dual sinks. Embrace the quintessential Florida lifestyle as you step outside to your lanai, perfect for sipping morning coffee or hosting alfresco gatherings. With a peaceful ambiance, outdoor living has never been more inviting. This easy living home also comes with hurricane protection and the lanai has GAS plumbed to it so that you may complete your own outdoor kitchen! The backyard has plenty of room to add a pool if you should desire, please ask for a copy of the survey! Nestled within the highly sought-after Sunrise Preserve community, residents enjoy resort-style amenities including a sparkling pool, hot tub, tennis, pickleball and bocce ball courts, fitness center, and clubhouse, all while being minutes away from Sarasota's renowned beaches, shopping, dining, and cultural attractions. Don't miss this opportunity to own a piece of paradise in one of Sarasota's most desirable areas. Schedule your showing today and start living the Florida dream! Please copy and paste this link into your browser for the luxury video https: //player. vimeo. com/video/926300446?h=fc70f940a1&badge=0&autopause=0&player_id=0&app_id=58479
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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 | $530,400 | $530,400 | $530,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | $501 | $501 | $501 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,618 | $3,525 | $4,473 |
Total Monthly Payment | $4,211 | $4,118 | $5,066 |
* 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.