![]() |
Embrace the charm of Gillespie Park as you tour this 1948 downtown triplex. Gillespie Park is known for its historic character, mature tree-lined streets, and proximity to the vibrant cultural scene of downtown Sarasota. Being within the city limits allows for the flexibility of weekly rentals making it a terrific investment opportunity. This generous 8, 346 sf lot offers the possibility of development in the DTE, Downtown Edge zoning, which is under the Florida Live Local Act. Nestled in the heart of this vibrant neighborhood, this delightful main home boasts two cozy bedrooms, full bath, front porch, screened porch and picket fenced front yard with garden. Adjacent to the main home is a sweet studio apartment with combo living and bedroom, kitchen, full bath and walk-in closet. If that’s not enough, you will find an adorable cottage with a sleeping alcove, full bath, and french doors out to a private screened porch. Arched entry to laundry facilities which all three units share. Peace of mind with concrete construction, masonry walls and in flood zone X. There is plenty of room for parking, gardening and enjoying the fresh air. The property has been thoughtfully and lovingly updated while preserving its vintage charm. Just steps away you will find the walkable Rosemary District, a hip neighborhood with artisan cafes and modern bistros. Across the street you can enjoy the reconstructed Gillespie Park with a tree-lined ten-acre park including playground, picnic area, basketball, tennis and pickle ball courts, a scenic pond, and dog park. Easy bike ride to explore art galleries, fine dining, shopping and all the culture Sarasota has to offer. Short distance to the new Bay Park with 53 acres for your walking, playing and picnicking pleasure. A new police substation is a block away. Main house is vacant ($1700) while the studio ($1150) and cottage ($1175) are tenant occupied.
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:
$675,000
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 | $540,000 | $540,000 | $540,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.095% | 7.141% | 6.152% |
Monthly Tax Payment | $401 | $401 | $401 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,413 | $3,589 | $4,520 |
Total Monthly Payment | $3,906 | $4,082 | $5,013 |
* 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.