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Investor Alert! Rare opportunity in the true heart of Sarasota one of Florida's most desirable and faster growing markets! This property sits on two valuable corner lots in a NO FLOOD ZONE, offering endless potential. The home features 3 bedrooms and 1 bathroom with some updates already completed. With a few finishing touches, you could turn it into a great rental or starter home. But the real value is the land corner lots with this much space in central Sarasota are almost impossible to find. Located right in the center of Sarasota close to shopping, dinning, schools, cultural attractions, and the world-famous beaches that make Sarasota one of the top destinations to live and invest in. Whether you renovate, generate rental income, or build new, this property offers an unbeatable investment opportunity. Don't miss your chance to secure a rare piece of Sarasota real estate in a location that truly sells itself!
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Our Executive Mortgage Banker:
Our Insurance Division:
$334,999
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $267,999 | $267,999 | $267,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.285% | 6.156% | 5.396% |
| Monthly Tax Payment | $206 | $206 | $206 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,522 | $1,605 | $2,137 |
| Total Monthly Payment | $1,803 | $1,886 | $2,418 |
* 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.