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Under contract-accepting backup offers. A unique property that currently features a lovely 3 bedroom, 1 bath home with an additional detached/private 1br, 1 bath efficiency apartment! The main home offers ceramic tile throughout the main living areas, laminate flooring in the guest bedrooms, and hardwood floors in the main bedroom. The original woodburning fireplace has been converted to an electric fireplace, the open kitchen offers a breakfast bar, and central ac/heat has been done. The original windows have been replaced, the electrical panel has been updated and a rear paver patio has also been been recently added. The efficiency apartment is loaded with charm and features vaulted ceilings with cedar wrapped beams, porcelain plank tile throughout, a small refrigerator, a microwave and mini-split ac/heat. The separate "kitchenette" area has a bar sink, cabinets, a mini built-in pantry and a bi-fold storage closet. The apartment side also features a private fenced side yard with its own paver patio area. Both the main house and the apartment side have their own stack washer/dryers. Hurricane shutters are also included with the property. This is truly a unique opportunity in a fantastic central Sarasota location with so many options! Rent the apartment to make some extra money or use it as a guest suite! Old Florida charm and newer million dollar homes popping up all around! Corner lot, central water and sewer.
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Our Executive Mortgage Banker:
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$399,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $319,200 | $319,200 | $319,200 |
| 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% | 6.132% | 5.522% |
| Monthly Tax Payment | $273 | $273 | $273 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,787 | $1,912 | $2,566 |
| Total Monthly Payment | $2,135 | $2,260 | $2,914 |
* 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.