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Pre-Construction. To be built. A custom ranch home with a high pitched metal roof and attached guest house on a 12, 000 sq ft fully fenced lot on a quiet cul-de-sac, close to Sarasota downtown restaurants, shops and the Legacy Trail, an 18 1/2 mile recreational trail connecting Sarasota and the city of Venice. The trail is popoular for biking, walking and running with amenities like restrooms, playgrounds and bike repair stations. A short walk to Payne Park and the free Bay Runner trolly service that connects downtown, St. Armands Circle and Lido Beach. The home has an open floor plan with ceilings that tray up to 11'4". Sliding glass doors brining in the morning sunlight and overlooking the pool and extensive covered outdoor living space with grill area. The main house has 3 bedrooms, 2 full baths, foyer, dining room and great room. The fabulous kitchen with Viking appliancaes, custom cabinets, a large island, quartize countertops, walk-in pantry with a sink. Laundry room with washer, dryer and sink along with built in storage for hanging clothes. 2 Instant Hot water hearters (one in guest house). The attahed guest house has a living room, kitchenette, 2 bedroms, full bathroomm with 10'8" ceilings throghout and laundry with washer and dryer. and sliding glass doors overlooking the heated pool. there is also an outdoor shower. . The attached oversized 2 car garage with sink and EV charging station
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,999,000
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,599,200 | $1,599,200 | $1,599,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.241% | 6.121% | 5.979% |
| Monthly Tax Payment | $337 | $337 | $337 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,080 | $9,588 | $13,280 |
| Total Monthly Payment | $9,542 | $10,050 | $13,742 |
* 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.