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Under contract-accepting backup offers. Want to buy a uniquely charming home in fabulous downtown Sarasota -- but not have to spend a million dollars? Or even half that much? And what if it is in the very heart of the theater district, right next to 5 live theaters (with 3 more coming soon)? With several of the best local restaurants within one block? And just a 3-block walk to the supermarket? And to the marina? * * *
All that, and much more can be yours at the historic Frances Carlton Condominium – considered by many the most beautiful building in Sarasota. Located on the city’s famous Palm Avenue, with its many fine boutiques and art galleries, the Frances Carlton is a Mediterranean Revival beauty from the Jazz Age. Built in 1928 and listed on the National Register of Historic Places, the Frances Carlton is often chosen by professional photographers as the background for their photo shoots because of its gorgeous architecture. * * *
Unit 204 is a delightful, European-style one-bedroom. Not another vanilla “open plan, ” with seemingly everything in one big room -- Unit 204 is more like a small house, with 6 separate rooms plus a walk-in storage room. And lots of windows on all three sides. The current owner enjoyed creating a distinct theme for each room. The entry/dining room is a French bistro; the sunroom is tropical with plantation shutters on each of its 5 beautiful arched windows; the bath is Art Deco in keeping with the building’s 1920’s vintage; and the living room has Mediterranean styling to go with the building’s architecture. You too can let your creativity shine! * * *
The kitchen has a large LG fridge, and high-end German appliances -- Bosch convection/induction range, microwave, and dishwasher; Miele washer and dryer. The bedroom has a California closet with built-in shelves and drawers – and a truly unique interior window that opens into the sunroom. The sunroom itself overlooks both the pool area, and the landscaped garden sitting area. * * *
This boutique condominium of just 20 units is well managed with fully funded reserve accounts. The Frances Carlton was actually the very first condominium in Florida to complete the recently mandated Structural Integrity Inspection. Amenities include a community pool, a meditation garden, and a gated reserved parking space. * * *
A uniquely charming unit, in a beautiful historic building, in a terrific location. That all makes for a truly special home – or the very best European-style pied-à-terre in Sarasota. * * *
See much more about the features, personality, and fascinating history of the Frances Carlton Condominium on its website at FRANCESCARLTON. COM. And be sure to check out the page about its own art gallery!
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NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $319,920 | $319,920 | $319,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 5.990% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.322% | 6.144% | 5.415% |
| Monthly Tax Payment | $212 | $212 | $212 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,842 | $1,916 | $2,551 |
| Total Monthly Payment | $2,129 | $2,203 | $2,838 |
* 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.