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Beautifully Renovated Home with Income-Producing Guest Suite! Welcome to this stunning renovated property featuring a 3-bedroom, 2-bath main house with modern finishes and an open, inviting layout. Enjoy the privacy of a fully fenced yard and a large storage shed in the back — perfect for hobbies, tools, or extra storage. This property also includes a permitted mother-in-law suite with a private entrance, full kitchen, full bath, and washer and dryer. Currently the main house is rented for $2, 950 a month and the mother in law was rented for $1400 a month it offers an excellent income-producing opportunity or an ideal space for extended family. Additional highlights include: Roof (2023) – only 3 years old AC system (2023) – only 4 years old Located on a quiet end street. No HOA and not in a flood zone, providing extra freedom and peace of mind Prime location just minutes from I-75, UTC Mall, and Benderson Park The home is move-in ready but offers room for personal touches — a great opportunity to make it truly your own. Its solid structure and updated features make it ideal for anyone looking to add value with light updates or creative design. Set in Lake Sarasota, a sought-after, centrally located community, you’ll enjoy easy access to shopping, dining, and major highways, plus a quick drive to Sarasota’s world-famous beaches. Whether you’re looking for a primary residence, a rental property, or a home with built-in income, this property is a rare find with endless potential!
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Our Executive Mortgage Banker:
Our Insurance Division:
$457,500
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 | $366,000 | $366,000 | $366,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.730% |
| Monthly Tax Payment | $216 | $216 | $216 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,192 | $2,283 | $2,989 |
| Total Monthly Payment | $2,483 | $2,574 | $3,280 |
* 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.