|
Great longterm investment upportuniy as now there is a two year rental in plce. The asking price now is $60, 000. less than the porchse price and $25, 000 less than an independent exterior bank appraisal on 10/03/25, which did not even include the furniture. Welcome to The 101 Condominiums overlooking Sarasota bayfront, one of the best locations in the heart of downtown Sarasota. This beautiful unit has been completely and smartly renovated ($133000+) to become a show stopper among its contemporaries. Featured on Sarasota Magazine Nov-Dec 2022, this one bedroom 2 full baths home offers the epitome of elegance, luxury, comfort and urban living. The kitchen boasts an expansive quartz waterfall style island, beautiful cabinatory/pantry and a luxurious tile backsplash. Designer Samsung appliances include the refrigerator, range, dishwasher and a drawer microwave. There is an under the sink osmosis system for your clean drinking and cooking water. There are ample eating spaces at the island or close by dining rarea. The laundry room is equipped with stacked Bosch washer and dryer and additional cabinets and shelving. There is also a drybar with cabinets and a wine cooler. The spacious bedroom has a walk-in closet and double sink with a lighted mirror. There are 30inch porcelain tiles throughout the home. All doors are shaded glass. There is also a Bosch surround sound for your music listening enhancement. The sunny balcony overlooks Palm Avenue with its art galleries, antique shops, resraurants and seosenal street music and dance and it is perfect for your morning coffee or evening glass of wine. The Whole Food market, Selby Library, famous Saturday's Farmer's market and the Main Street with all its offerings are just stepped away. Across the street from Island Park, you will find Marina Jacks with deep harbor docking, waterfront restaurant and nightly dancing and entertainment. The 101 condominiums multi-million dollar modernization project is ongoing. If you are looking for a one bedroom 2 bath in one of the best Sarasota downtown locations with outstanding design and renovation and existing high end furniture and wall arts, you owe it to yourself to visit this home. the monthly association fee includs bacic cable, internet and watrer. The owner is a real estate broker.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$460,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $368,000 | $368,000 | $368,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.730% |
| Monthly Tax Payment | $292 | $292 | $292 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,204 | $2,296 | $3,005 |
| Total Monthly Payment | $2,571 | $2,663 | $3,372 |
* 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.