|
UNIQUE PROPERTY WITH SPECIALTY ZONING! THIS HOME IS LOCATED IN THE RESIDENTIAL COMMERCIAL TRANSITION OVERLAY DISTRICT ) VINTAGE CHARM & EASY INCOME! Lovingly updated, New Roof, Kitchen, Appliances, Flooring, Custom Shiplap Ceilings and Walls. LIGHT-BRIGHT-AIRY These sellers want to offer a savvy buyer the same unique opportunity to purchase BOTH (425 YALE ST. & 415 YALE ST. - PRICED SEPARATELY) to take advantage of this unique location and zoning use. This specialized zoning creates unique mixed-use opportunities for this location! *RCTOD provisions govern over the Unified Development Code. Bed & Breakfast, Galleries, Working Studios, and Offices are some of the many utilizations allowed here. Each home offers something a little different, hence the combination of the two properties secures the utmost creative usage. These properties are located in the Old Englewood Village neighborhood, just blocks from the Dearborn Street Downtown Business District with a wonderful selection of Specialty Stores, Inside / Outside Dining Options, Live Music Venues, Monthly Car Shows, Seasonal Farmers Market, Elsie Quirk Library, and Lemon Bay Playhouse are just some of the anchors for this lively and quaint downtown area. There are three Sarasota County Parks within a mile. LEMON BAY PARK & ENVIRONMENTAL CENTER offering hiking trails, birdwatching, fishing, grills, shelter, kayak & canoe launch. CHEROKEE STREET PARK offers transient docking, fishing pier, grills and shelter. INDIAN MOUND PARK offering picnic sites, grills, shelter, fishing and a PUBLIC BOAT RAMP that gives direct access to LEMON BAY and out to the GULF OF MEXICO. Revisualization and creating a "sense of place" in this downtown area of Old Englewood is offered here! New projects in the area are sure to transform and enhance this neighborhood's bright future! BE PART OF THE UPWARD TREND. No current leases hindering the use and potential for these properties. FLOOD ZONE X. Seller can close quickly which allows you to OPEN THIS UP NOW FOR IMMEDIATE INCOME AND SEASONAL RENTAL! CALL NOW!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$455,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $364,000 | $364,000 | $364,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 5.990% | 5.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.161% | 6.120% | 5.541% |
| Monthly Tax Payment | $219 | $219 | $219 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,038 | $2,180 | $2,926 |
| Total Monthly Payment | $2,332 | $2,474 | $3,220 |
* 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.