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Downtown Sarasota 1BR Condo at the corner of Ringling Blvd. and Shade Ave. These were designed Ruth Richmond and showcase her excellent use of space and feel much larger than their footprint. Plus her touch of charm with the arches over the sliders and walk-in closets. This affordable 1BR/1BA 2nd floor condo is updated and ready for you with recently updated Luxury Vinyl plank flooring in the living room and bedroom, hurricane windows, and a top to bottom fresh paint job. The original sliders to narrow patio let loads of light into these north-facing buildings and you can let your cat or small dog (2 pets allowed) enjoy a little fresh air or have some potted plants. Being on the second floor you'll have a nice view of trees from your couch and not cars or the street, as well as not having anyone above you. This prime location is just 0. 1 of a mile to Payne Park, Legacy Trail, Disc Golf, Cafe', Tennis, etc. and nearby restaurants, Shamrock Pub, plus all that downtown Sarasota and the bay offers right within a 1 mile. You'll hardly ever need your car again. This is the one you've been waiting for, snooze and you'll loose OR run to your fun in the sun and get this deal done! (no extra charge for the Beachy rhymes)
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$144,900
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 |
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|---|---|---|---|
| Loan Amount | $115,920 | $115,920 | $115,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.507% | 6.649% | 6.026% |
| Monthly Tax Payment | $153 | $153 | $153 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $714 | $732 | $963 |
| Total Monthly Payment | $941 | $959 | $1,190 |
* 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.