BACK ON THE MARKET! This home was built to withstand hurricanes with its round design-no water or structural damage during Hurricane Ian. Welcome to this marvel of Sarasota Mid Century architecture. The home was featured in the March/April 2021 issue of Sarasota Magazine and the July/August 2022 issue of SRQ Magazine and in the New York Times. Inspired by the circular design of The Hilton Leech Art Studio 2 miles away, this home has been meticulously renovated from top to bottom. You will immediately be captivated by the front maltese patterned breeze block privacy wall. As you enter the home, you will notice the unique circular floor plan. At the center is the bathroom with an oversized shower/concrete bathtub along with the homes original kidney shaped vanity. As you follow the curvature of the home, you will find the large master bedroom followed by the guest bedroom. A wall was removed to enlarge the master bedroom, but the wall can be installed to reinstate the 2 bedrooms. The circular path will lead you into the newly restored kitchen with vintage appliances. You will notice the large resurfaced circular counter. The circular open floor plan ends at the dining room/ living room. As you walk out the side entrance, the breeze block in the oversized carport provides ventilation on warm summer days. The home is nestled on an oversized corner lot (. 35 acre). There is ample space to build a guest house, pool, mother in law suite or detached garages. Updates include new roof, new AC, new wood soffits, new fascia, tankless water heater, new landscape lighting, new plumbing, cast iron drains have been lined, new circular wood design in the carport, new 200 amp electrical panel, renovated bathroom, impact windows, vintage front/side door, new landscaping, new exterior paint and programable WIFI LED smart lights installed in the soffits. Every inch of this home has been improved. The home is located 6 miles to Siesta Key Beach, 1 mile to the new extended Legacy Trail (great for biking, walking, rollerblading, walking your pets), 4. 5 miles to downtown Sarasota and 8 miles to Lido Key Beach. Come experience Sarasota Mid Century living at its finest!
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $472,000 | $472,000 | $472,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | $208 | $208 | $208 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,220 | $3,137 | $3,980 |
Total Monthly Payment | $3,520 | $3,437 | $4,280 |
* 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.