Nestled in Sarasota's most desired urban neighborhood, don’t miss out on this once in a decade opportunity to own a historic piece of Downtown, now with a new price! This beautifully remodeled, 1 bed, 1 1/2 bath home, with separate guest cottage, offers many striking features, including high ceilings, wood floors, large impact windows for plenty of natural light, natural gas, water filtration system, and tankless water heater. Gather with friends and family in the comfortable living room, complete with its own fireplace. Enjoy cooking in the stunning dine-in kitchen with GE Cafe Line appliances, ample wood cabinets for storage, expansive stone countertops, and a breakfast counter. Relax in the comfortable and cozy master suite, with dual sinks and a large shower, and a walk-in closet that has plenty of compartmentalized storage. In the evening, enjoy the enclosed screened-in front porch. The guest cottage features engineered hardwood flooring, great room for relaxing and dining, a kitchenette, bedroom, and large bath with dual sinks and walk-in shower. Attached is an expansive screened room with lounging sofa and pub table. The backyard is private, brick paved, and comes with a storage shed. With all this property has to offer and its stellar location, it's perfect for Live/Work arrangement or residential/commercial investment. This diverse neighborhood is surrounded by multimillion-dollar condos, entertainment amenities galore, art galleries, eclectic shops, sidewalk cafes, restaurants, and a farmers market. Within the community is also the Burns Court Cinema, offering first-run foreign, independent, & art films. Owen's Fish Camp features live music under the stars. On the weekend take in Selby Gardens, a Bayfront orchid and plant sanctuary less than half a mile away. Main Street, which boasts dozens of shops, restaurants and nightclubs, is just two blocks away as well, hosting many special events throughout the year, including live music and art festivals. Truly in the heart of Downtown Sarasota, 446 Burns Ct is a needle in the haystack. Don’t let this one slip through your fingers! DTC Zoning: building coverage is 100%, no setbacks, 10 story max height…the sky’s the limit (see attached City guidelines).
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$1,444,000
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 | $1,155,200 | $1,155,200 | $1,155,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 7.125% | 7.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.968% | 7.228% | 7.292% |
Monthly Tax Payment | $1,159 | $1,159 | $1,159 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,881 | $7,783 | $10,464 |
Total Monthly Payment | $9,165 | $9,067 | $11,748 |
* 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.