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This adorable 1 bedroom 1 bath home is turnkey ready for you! Lovingly known as the "Pink Flamingo", residents love to name their homes in this neighborly community. Perfect as a seasonal retreat or after 2 years of ownership, a great income producing investment. Enjoy a living room that runs the full length, from front to back, just 2 steps up, puts you into your eat in kitchen & dinette area. Towards the back of the home, you have a full bath, complete with a soaking tub then the bedroom, comfortably located in the rear of the home. Plenty of natural light enhances the beauty and ambiance of #31 1st St. Parking pad site on the right hand side will accommodate a large SUV, on the left side there is a patio with a table for outside gatherings with your friends & yummy picnics. You can also use this area to park your golf cart which is a favorite mode of transportation within the park along with bicycles.
In the rear of the patio, there is a storage room that would make a great outside shower or laundry as many have done. There is also a full community laundry facility, just one block from this home for your convenience. For boating enthusiasts, boat slips are available to rent on a first come basis. Paradise Bay has multiple docks to launch your craft, jet ski or kayak, that are just for the residents. Having Sarasota Bay just a block from this home, it's an easy stroll to head down to one of the park benches or covered swings to enjoy a magical sunset. Here it's more of an "event" when you see how many folks have the same idea & head down to the waterfront every evening to observe Mother Natures Splendor. This community has numerous events planned on the community calander, just head down to the clubhouse & plan out your activities for the month. Also enjoy a beautiful pool, bocci ball, pickle ball & tennis courts for a friendly competition with your friends.
If you should decide to venture out. You are less then a 10 minute ride to put your toes in the soft sandy beaches of Anna Maria Island. An abundance of restaurants, shopping, golf courses, spring training, fishing & boating charters, multiple airports & cruise ports are also nearby. Come see for yourself & make this move in ready home your new address! Paradise Bay is a 55+ Community.
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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 | $103,920 | $103,920 | $103,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.374% | 6.524% | 5.866% |
| Monthly Tax Payment | $66 | $66 | $66 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $623 | $648 | $856 |
| Total Monthly Payment | $764 | $789 | $997 |
* 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.