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This is your chance to live West of the Trail in the coveted Bay Acres community. This waterfront community has no deed restrictions so you can keep your boat or golf cart right on your property. With over 1400 Sq. Ft. of GARAGE SPACE the possibilities are endless here- use for your 4 plus antique cars, storage , recreational vehicles or jet skis. Part of the garage is air conditioned. The garage plus living space is over 4, 000 Sq. Ft. The home itself has many nice features including a very nice large kitchen, dining room with tray ceiling, floors are gorgeous real Hardwood and wide planked. This custom built home has impact windows, a metal roof, a large covered porch, and a fenced back yard. Bay Acres has a waterfront park with boat slips that can be rented for a small yearly fee, Kayak storage and a kayak launch to be out in the Gulf waters in minutes. This home is ideally located right around the corner from the public Blackburn Point Boat Ramp, within minutes of many waterfront restaurants, and just 11 miles up the road is Downtown Sarasota. Come see why this friendly neighborhood and home can make your dreams a reality.
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Our Executive Mortgage Banker:
Our Insurance Division:
$739,000
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 | $591,200 | $591,200 | $591,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.500% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.375% | 6.638% | 5.972% |
| Monthly Tax Payment | $73 | $73 | $73 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,640 | $3,737 | $4,909 |
| Total Monthly Payment | $3,805 | $3,902 | $5,074 |
* 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.