Welcome to Historic Burns Court! -- A quaint neighborhood dating back to the John Ringling Era, located in the heart of downtown Sarasota. This Spanish/Med bungalow has been featured and awarded many times across the span of a century. Recognized as one of 17 most breathtaking Mediterranean homes around the country, featured in an article published by TheSpruce. com. Built in the mid 1920’s by architect Thomas Reed Martin and recently renovated by Ryan Perrone of Nautilus Homes, with renowned interior designer, Ellen Hanson. Partnering together, they reimagined this petite bungalow using distinct Mediterranean Revival materials, seamlessly blending timeless elegance with modern comfort, all while retaining the home’s rich heritage. Greeted by a charming, gated front courtyard, with lush landscaping and with a few steps up: a lovely front porch with custom designer tile flooring. Once inside, you are immediately met with refined original wood flooring and custom window treatments throughout. The chef-inspired kitchen features high-end appliances, a discreet paneled refrigerator, soft-close cabinetry, a back door entry, and dining area, all with a timeless soft color palette. Down the hall, two bedrooms await, complete with custom light fixtures and window treatments, custom built-in closet cabinetry, and hard wood flooring. French doors from the rear bedroom lead to a serene backyard oasis, where you can dine al Fresco in the Florida sunshine on your private patio, featuring stone pavers, complete privacy fence and back gate. The separate guest quarters offer another bedroom, full bathroom, ample closet space, and a welcoming ambiance for visitors. Positioned in one of downtown Sarasota’s most highly desired urban neighborhoods, this bungalow offers unrivaled convenience, within walking distance to exquisite dining, art galleries, boutique shops, cozy cafes, Selby Gardens, the downtown farmer’s market, Marina Jack, and much more. Additionally, the property’s Downtown Core zoning classification allows for a variety of commercial uses, including retail shops, restaurants, office space and lodging. You can’t beat this extraordinary opportunity to own a piece of Sarasota’s history!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,675,000
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 | $1,340,000 | $1,340,000 | $1,340,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.875% | 6.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.877% | 6.977% | 7.041% |
Monthly Tax Payment | $438 | $438 | $438 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,141 | $8,803 | $11,951 |
Total Monthly Payment | $9,704 | $9,366 | $12,514 |
* 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.