Under contract-accepting backup offers. Back on market but not yet inspected! Three Bed, Three Bath home in Sapphire Shores! This Bay Shore Road address is just a short stroll to Sun Circle Park on Sarasota Bay. It might be about as close as you can live to the water and NOT be in a flood zone! And you are adjacent to some of the most majestic and established cultural institutions in Sarasota. The John and Mable Ringling Museum of Art, the “gilded era” mansion & museum Ca’ d’Zan, The Asolo Repertory Theater, The Sarasota Ballet and more. But location is not all this place has going for it. You’ll also find a unique, split bedroom floor plan allowing many living opportunities. Two of the bedrooms are “en-suite” and one has a private entry. Maybe this is perfect for a visiting artist in residence? A professor from nearby New College of Florida or USF? Or a roommate wanting independence and privacy. There is garage access and street frontage behind on Eastchester Drive. This keeps the front lawn along Bay Shore Road open and green. The site lines in Sapphire Shores are the longest in town and your views will take in the vintage homes and mature landscaping of a well-established neighborhood. Additional interior features of this classic ranch include oak, hardwood floors throughout, a wood burning fireplace and dramatic chimney (it’s been a while since used) and an updated kitchen in the middle of the home tying together this space with a living room, dining room AND a family room. A unique, outdoor breezeway can be used as a “covered courtyard” greatly expanding the indoor/outdoor potential of this property. The breezeway leads to a multi-functional garage with a workshop perfect for the hobbyist be it woodworking or cars. There have been multiple updates over the years with the most recent being a new roof in 2022. This location on Sarasota’s north side, just 2 miles from downtown and near the University Parkway corridor anchored by Sarasota Bradenton International Airport on the west and University Town Center shopping district on the east. There is no more convenient location to be found!
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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 | $512,000 | $512,000 | $512,000 |
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 | $447 | $447 | $447 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,493 | $3,403 | $4,318 |
Total Monthly Payment | $4,032 | $3,942 | $4,857 |
* 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.