4518 N Lake DRIVE, Sarasota, FL, 34232 | $529,000

This charming house offers updated features and ample space for comfortable living. With 3 bedrooms, 2 bathrooms and a large flex space, this home provides versatility and room for various needs. One of the highlights of this property is the lack of deed restrictions, providing freedom for the homeowners to use the space as they see fit. Situated on a generous . 41-acre lot, there is plenty of room for outdoor activities, gardening, or potential future expansions. The kitchen has been tastefully updated with quartz countertops, adding a touch of elegance to the space. It seamlessly flows into the open concept living and dining room, creating a modern and inviting atmosphere. Recent updates to the house include a new roof in 2023, ensuring years of worry-free living. The septic system was also replaced in 2023, offering improved functionality and peace of mind. In addition, the house was repiped in 2021, enhancing the overall plumbing system. The AC unit was also updated in 2021, providing efficient cooling and comfort during warmer months. Overall, this updated 2-bedroom, 2-bathroom house with a den and large flex space is a great find for buyers looking for modern amenities and flexibility. With no deed restrictions and a sizable lot, this property offers endless possibilities for customization and enjoyment.

Features

  • Rooms: 4
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Inside, Laundry Room
  • Year Built: 1963
  • Heating: Central
  • Cooling: Central Air, Mini-Split Unit(s)
  • Approx Sq. Feet: 1,753
  • Acreage: 0.41
  • Est. Taxes: $3,343
  • HOA Fee: $65
  • Elem. School: Fruitville Elementary
  • Middle School: McIntosh Middle
  • High School: Sarasota High
  • Pet Policy: Yes
  • Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Washer
  • MLS#: A4598174
  • Days on Market: 102 days
  • Website: https://www.raveis.com
    /raveis/A4598174/4518nlakedrive_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 5/16/2024 3:17:13 PM)

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4518 N Lake DRIVE, Sarasota, FL, 34232

$529,000

Tara Goldstein

Luxury Properties Specialist

William Raveis Real Estate

Phone: 561.951.5757

Tara.Goldstein@Raveis.com

Melissa Cohn

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 $423,200 $423,200 $423,200
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 $279 $279 $279
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,887 $2,813 $3,569
Total Monthly Payment $3,258 $3,184 $3,940

* 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.