Under contract-accepting backup offers. Constructed in 1929 and listed on the National Register of Historic Places (Whitfield Estates--Broughton Street Historic District) this Mediterranean Revival home was designed and developed by Ralph Spencer Twitchell, considered the leader of the Sarasota School of Architecture, who acquired several building sites he called Ravellan Gardens when his first local assignment was to supervise the completion of John Ringling's Ca' d'Zan, now part of the nearby Ringling Museum. Acquired in 2015 by a former owner, a meticulous restoration began including the addition of a spacious first-floor master bedroom and bathroom, and was continued by the current owner. (Please note that photos in this listing are from 2020 and the window curtains in the master bedroom, a direct match to the bed headboard, are included in the sale of the home. The dining room table and chairs, also appearing in the photos, are included in the sale. ) The pecky cypress initially used in the interior is present, and updating required throughout the home is of high caliber and consistent with the original design. Since 2020, the current owner has replaced the roof and multiple air-conditioning systems. The pool area has been resurfaced, and a pool heater has been added. Electricity has been updated and specific plumbing lines have been relined. NOTE: There is a detached guest apartment of 528 square feet which offers a sitting room, kitchen, bedroom, and bath. The square footage of the guest apartment and the number of bedrooms and baths therein are included in the listing totals. This property, with frontage on Broughton Street, also has access to and from Holly Circle. There is not an HOA but a community association; membership is voluntary. This home is located in an X500 flood zone, has endured all aspects of Florida weather for nearly 100 years, and was a safe haven for its current owner during the most recent seasonal storms.
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,695,000
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
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,356,000 | $1,356,000 | $1,356,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.000% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 7.103% | 6.915% |
Monthly Tax Payment | $782 | $782 | $782 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,136 | $9,022 | $11,999 |
Total Monthly Payment | $10,043 | $9,929 | $12,906 |
* 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.