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One or more photo(s) has been virtually staged. Welcome to 3710 Rilma Avenue! This welcoming cottage home is conveniently located just minutes from downtown Sarasota, the Sarasota-Bradenton International Airport, New College of Florida, the University of South Florida and Ringling College of Art and Design, offering access to a range of cultural, educational and lifestyle amenities. The home features three bedrooms plus a flexible bonus room suitable for an office or additional living space. The kitchen has been updated with granite countertops and stainless-steel appliances, providing durable surfaces and modern functionality. Interior comfort is enhanced by energy-efficient double-pane windows. The exterior of the property is defined by established Clusia hedges that provide privacy, along with mature palm landscaping surrounding the residence. Additional outdoor features include an outdoor shower and an irrigation system from a well. Parking and storage options include a one-car garage, a one-car carport and additional space suitable for a boat or recreational vehicles. With no HOA or deed restrictions, this residence presents a compelling opportunity for a first-time home buyer, an investor seeking property within Sarasota city limits where short-term rentals are permitted, or anyone simply looking to relocate to beautiful Sarasota.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$325,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $260,000 | $260,000 | $260,000 |
| 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 | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $385 | $385 | $385 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,601 | $1,642 | $2,159 |
| Total Monthly Payment | $2,060 | $2,101 | $2,618 |
* 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.