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Location, location, location. The Villas on Laurel nine unit complex is one block to Ringling Blvd. two blocks to Main Street, and three blocks to Fruitville Road. Live Downtown living without being Downtown, walk, bike, or a very short drive. This is a 1, 667 square foot, three-bedroom, three bathroom, plus second-floor loft townhouse with two floors has no elevator. There is no exterior lanai, balcony or porch. There is a community Paver patio with the community grill in front of Unit #1. This unit comes with two assigned and marked #3 uncovered parking spaces, one on the right of the entry driveway and the other one to the right of the community swimming pool. There is also a community storage room between Unit #5 and Unit #6 with a glass entry door. In 2025, this complex installed a new roof, had the driveway newly asphalted, the building exterior was newly painted, new exterior building lighting, new landscaping, new pool interior and new decking and new pool furniture. Villas on Laurel has no upcoming assessments and is not subject to the Milestone Inspections or the Structural Integrity Studies. This Unit #3 has a new HVAC system in 2025, newer engineered hardwood flooring on the first floor, and all new window treatments with blackout shades in the larger bedroom on the second floor. This unit is light and bright with ample windows. The tankless hot water heater, dryer and range are all natural gas. The first-floor living area is a great room, living room/dining room combination all open to the Kitchen with stainless-steel appliances and stone countertops. The new HVAC unit is in the hallway and there is a downstairs bedroom and a full-bathroom with a tub/shower combo on the rear of the first-floor. The stairs with skylights are carpeted and at the top is an 8 x 12 loft (office, den, study), and the 5 x 6 inside utility with a gas dryer. On the front of the second floor is another bedroom and full bathroom with a tub/shower combo, and the Primary bedroom is in the rear on the second floor, with the bathroom with dual sinks and a shower-stall. The most recent sale was a smaller Unit #5 which sold for $812, 500 and the two other sales were the larger Unit #9 which sold for $935, 000 and Unit #8 which sold for $799, 000. This unit is ready for immediate occupancy and in move-in condition. This unit is a must-see in you want Downtown Living. Villas on Laurel is right next door to The Laurel Park City owned park located within this neighborhood and operated by the City of Sarasota Parks & Recreation District Visit Sarasota. This Public Park features amenities like a gazebo, playground, sandbox, and picnic areas, and is open to the public.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $678,200 | $678,200 | $678,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.121% | 6.203% |
| Monthly Tax Payment | $649 | $649 | $649 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,958 | $4,066 | $5,723 |
| Total Monthly Payment | $4,699 | $4,807 | $6,464 |
* 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.