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Price Reduced $80K!!! Stately 5BR/3. 5Bath Forest Lakes Country Club Estates home on the golf course in the heart of Sarasota between Pine Craft and South Gate. This grand brick home has white columns, a paver brick circular driveway in front, and a separate brick driveway with turn-around plus added parking leading down the left side of the home. Walk in and be Wowed by the 2-story foyer with curving wood staircase and iron balusters, a crystal chandelier hanging from the center of a ceiling medallion. The foyer is flanked on the left by a long formal dining room with crystal chandelier, and to the right a wide formal living room with a cozy wood burning fireplace. The oversized eat-in kitchen features solid wood cabinets with loads of pull outs, a walk-in pantry closet, granite countertops and stainless-steel appliances. Sliding glass doors and a sliding window over the sink to a pass-through bar lead to an oversized 28 x 12 Lanai and a large 40' x 20' screen enclosed pool area looking out on the golf course. Off the kitchen is a family room with sliders to the pool and bay window with a view to the golf course. Off the family room is an office/study with a door to the outside and French doors back to the formal living room. The downstairs also features a large 5th BR with ensuite bath and a private door to the pool area, this would be a good in-law suite. Upstairs you will find plenty of room for all your family and guests. The oversized primary bedroom suite extends from the front of the house to the back and has a walk-in closet and lovely views of the golf course. BR 3 is large enough for two queen beds and has a double window looking out to the golf course, BR 4 is also a large room with 2 separate closets, BR 5 also has 2 closets. The Tile Roof has been estimated to have 5+ years left in it. Feb 2025 Water Heater, 2019 (2) RHEEM 3 Ton 14 SEER HP HVAC Systems both working perfectly, 2008 Pool Cage and 2021 rescreen, Pool re-marcited in 2017, Plumbing in excellent shape, the trunk drain line to the street is PVC. While the carpets and windows could use updating, this home offers the perfect opportunity to customize to your taste and create your grand estate. Don’t miss this rare opportunity to own a distinguished home in one of Sarasota’s most sought-after communities and make this home your family Monticello!
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Our Executive Mortgage Banker:
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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 | $640,000 | $640,000 | $640,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.050% | 6.112% |
Monthly Tax Payment | $701 | $701 | $701 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,993 | $4,204 | $5,358 |
Total Monthly Payment | $4,786 | $4,997 | $6,151 |
* 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.